Although dry gas production was down for the week, total supply showed a slight increase. According to Bentek estimates, the week’s average total dry natural gas production posted a 0.6 percent decline. With a 6.0 percent increase in imports from Canada and a 42.1 percent increase in LNG sendout, however, there was an overall increase in supply of 0.2 percent for the week. The bulk of the increased imports from Canada were in the Northeast, and the bulk of the increased LNG sendout was along the east coast at the Everett, Massachusetts, Cove Point, Maryland, and Elba Island, Georgia terminals, likely a result of the weekend cold snap that covered most of the East. Even with the increased import levels, imports from Canada stand 18.9 percent below year-ago volumes for the same week, and LNG imports stand 38.8 percent below year-ago levels.
Working natural gas in storage fell to 2,761 Bcf as of Friday, February 10, according to EIA's WNGSR. This represents an implied net withdrawal of 127 Bcf from the previous week, which is 29 percent less than the 5-year average implied net withdrawal of 178 Bcf. Inventories in all three regions posted declines, with the East region contributing the most to this week’s implied net withdrawal, with a decrease of 83 Bcf (a 5.9 percent decline from the previous week’s level).
Stocks were 765 Bcf higher than the 5-year average level and 817 Bcf higher than last year at this time. Inventories in the Producing Region remain above the 5-year average of 686 Bcf by 365 Bcf (53.2 percent). Stocks in the East and West Regions are also above their 5-year averages by 302 Bcf (29.4 percent) and 99 Bcf (35.1 percent), respectively.
Temperatures during the week ending February 9 were 5.6 degrees warmer than the 30-year normal temperature and 9.9 degrees warmer than the same period last year. During the week all regions with the exception of the Mountain region were warmer than normal. The Midwest was particularly warm, with the East North Central and West North Central regions averaging 8.3 and 7.6 degrees warmer than normal, respectively. The average temperature in the Mountain region in the West was 0.7 degrees cooler than normal. Heating degree-days nationwide were down 17.4 percent from normal and 28.0 percent from last year.