Valves at a Natural Gas Storage Facility

Source: Duke Energy Gas Transmission Canada

COURTESY of the Natural Gas Supply Association:

Weekly Storage for week ending 2-1-2008.

Stocks  are at 2,062 billion cubic feet ( Bcf ).  13.3 percent lower than last year and 3.1 percent higher than the 5-year average at this time.  This week's net withdrawal of 200 Bcf is in the high-range of trade reported analysts' total expectations of around a 185 to 210 Bcf withdrawal.  Last year had a total withdrawal for the same week of 224 Bcf. Stocks at the same time last year were at 2,379 Bcf while the five-year average stocks at this time were at 2,000 Bcf.  The weather last week was 15 percent warmer than last year and 3 percent warmer than normal for the same week. 

Stocks in the Consuming East are 3 percent higher than the 5-year average, 9 percent lower than the 5-year average in the Consuming West, and 9 percent higher than the 5-year average in the Producing Region.

Note:  NGSA does not forecast natural gas prices or storage stocks.  This report is based on the following sources:

EIA Weekly Natural Gas Storage Report
EIA Historical Weekly Storage Estimates Database
NGW Gas Market Reconnaissance for analyst expectation
National Weather Service Climate Prediction Service - Weekly Gas Home Heating Customer Weighted Heating Degree Day average
(week ended 2/2/2008)

Click here http://tonto.eia.doe.gov/oog/info/ngs/ngs.html to review the full EIA report .