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EIA Reports Notable Weekly Surge in U.S. Natural Gas Storage

by Krystal

HOUSTON, Nov. 16 (Xinhua) — The latest data from the U.S. Energy Information Administration (EIA) reveals that working gas storage in the contiguous United States reached 3,833 billion cubic feet during the week ending Nov. 10. This marks a notable net increase of 60 billion cubic feet compared to the previous week, as reported on Thursday by the EIA.

The EIA’s Weekly Natural Gas Storage Report indicates a substantial rise in total working gas storage, amounting to 5.4 percent from the corresponding period last year. Additionally, this figure stands at 5.6 percent above the five-year average.

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Historical data suggests that the storage of working gas in the United States typically experiences a decline starting in November, continuing to decrease until April, coinciding with the conclusion of the heating season in the country.

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Working gas, defined as the volume of natural gas stored underground and available for withdrawal, possesses two measurable capacities: design capacity and demonstrated maximum working gas capacity. The reported increase in working gas storage reflects the current dynamics in the United States’ natural gas landscape.

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