EIA - Natural Gas Storage Report - Dec 28

[dan_s]

Working gas in storage was 3,112 Bcf as of Friday, December 23, 2022, according to EIA estimates.
This represents a net decrease of 213 Bcf from the previous week. < My SWAG was a draw of 200 Bcf.
Stocks were 133 Bcf less than last year at this time and 85 Bcf below the five-year average of 3,197 Bcf.
At 3,112 Bcf, total working gas is within the five-year historical range. < We are now certain to see ngas in storage below 3,000 Bcf on December 31.

My SWAG for the draw for the week ending Dec 30 is 150 Bcf, but there are a lot of variables (well freeze offs, refinery and LNG export facility shutdowns, wild weather pattern swings).

The 5-year average draw for the week ending Dec 30 is 104 Bcf. That should be easy to beat.

The largest weekly draw EVER was 338 Bcf for the week ending Feb 19, 2021 thanks to Winter Storm Uri. < Also caused by a La Nina.