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U.S. Natural Gas Storage Sees Decrease, Yet Remains Above Five-Year Average

by Krystal

Houston, Dec. 14 (Xinhua) – The working gas storage in the contiguous United States recorded a net decrease of 55 billion cubic feet in the week ending Dec. 8, according to the U.S. Energy Information Administration (EIA) announcement on Thursday.

The total working gas storage, as reported in the EIA’s Weekly Natural Gas Storage Report, reached 3,664 billion cubic feet, reflecting a 7.2 percent increase compared to the same period last year. Furthermore, the current storage level was 7.6 percent above the five-year average.

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Working gas, defined as the amount of natural gas stored underground available for withdrawal, is crucial for assessing the energy landscape. The storage capacity is gauged through two metrics: design capacity and demonstrated maximum working gas capacity.

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The EIA’s findings pertain specifically to the contiguous United States, encompassing the country’s 48 adjoining states along with the District of Columbia. Notably, this excludes the non-contiguous states of Alaska and Hawaii, as well as all offshore insular areas.

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This latest report provides insights into the dynamic nature of natural gas storage, offering a comprehensive overview of the current state of reserves in the contiguous United States.

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