Working natural gas in storage fell to 2,966 Bcf as of Friday, January 27, according to EIA's WNGSR. This represents an implied net withdrawal of 132 Bcf, which is 29 percent less than the 5-year average implied net withdrawal of 186 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 100 Bcf (a 6.4 percent decline from the previous week).
Stocks were 601 Bcf higher than the 5-year average level of 2,365 Bcf, and 586 Bcf higher than last year at this time. Inventories in the Producing Region continue to stand out at 310 Bcf (39.3 percent) above the 5-year average of 789 Bcf. Stocks in the East and West Regions were above their 5-year averages by 218 Bcf (17.4 percent) and 73 Bcf (22.6 percent), respectively.
Temperatures during the week ending January 26 were 5.3 degrees warmer than the 30-year normal temperature and 9.1 degrees warmer than the same period last year. During the week all regions were warmer than normal, particularly the East South Central and West South Central regions in the South averaging 12.0 and 9.7 degrees warmer than normal, respectively. Heating degree-days nationwide were down 16.5 percent from normal and 24.9 percent from last year.