Author Topic: NATURAL GAS STORAGE, South Central region follows record net withdrawals with unchanged inventory le  (Read 322 times)

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Offline thackney

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NATURAL GAS STORAGE DASHBOARD
South Central region follows record net withdrawals with unchanged inventory levels
https://www.eia.gov/naturalgas/storage/dashboard/commentary/20210305
March 5, 2021

Working natural gas stocks in EIA’s South Central storage region reported no net change for the week ending February 26, following a record pull for the previous week, according to EIA’s Weekly Natural Gas Storage Report. Much lower regional temperatures contributed to reduced natural gas demand while recovering natural gas production reversed storage balances that had dipped below the five-year minimum in the South Central Salt region for the first time since December 2018. The South Central region transitioned from record net withdrawals of 158 billion cubic feet (Bcf) during the week ending, February 19, to no net withdrawals just a week later. The South Central region has the nation’s biggest concentration of high deliverability facilities that can withdraw and inject natural gas into underground caverns in large volumes across multiple cycles. This means the region is able to shift from large withdrawals to injections quickly.

Salt dome storage facilities played a crucial role both of these outcomes

- Net withdrawals from these facilities totaled 83 Bcf, for the week ending February 19—a new record for the region, exceeding the previous record set on January 5, 2018, by 5 Bcf.

- Net injections totaled 9 Bcf at salt facilities during the February 26 report week; some storage operators replenished stocks amid much warmer weather. This activity offset a 9 Bcf net withdrawal reported for nonsalt facilities in South Central region.

- The 9 Bcf injection into salt facilities just one week after the 83 Bcf withdrawal created a week-over-week swing of 92 Bcf—the largest week-over-week change in storage balances in the region since EIA adopted the 5-region storage model for activity starting in 2010.



The heat table shows that it is not uncommon for the salt region to report a net injection for storage week number 16 during the past 12 heating seasons.

South Central salt region weekly net changes, heating season (Nov-Mar, 2009–21)
billion cubic feet


Source: United States Energy Information Administration, Weekly Natural Gas Storage Report
Note: The heating season includes the months November through March.

EIA’s Natural Gas Storage Dashboard shows that average weekly temperatures in the South Central region were more than 20 degrees warmer for the February 26 storage report week compared with the prior week.

Weekly average difference in temperatures from prior week as of February 26, 2021 by NOAA climate division
degrees Fahrenheit

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