Slide 7 of 10
Notes:
- Working gas in storage is estimated to have been 2,774 billion cubic feet at the beginning of the heating season, 7.0 % below the previous 5-year average.
- By January 25, estimated working gas in storage had declined to 1,410 Bcf–about 29% below average. However, at 971 Bcf, the East Region is about 19% below normal.
- The current EIA outlook for winter demand and supply suggests that storage is headed for record lows this winter if weather remains near normal or colder than normal.
- The previous record low for working gas in storage at the end of the heating season was 758 billion cubic feet at the end of the winter of 1995-1996. Given current conditions and recent trends, we expect storage to achieve a record low by 3/31.
