Gas Inventory
US natural gas stocks rise 18 bcf in week ended Jul 26, says EIA
This story was originally published at 16:11 IST on 2 August 2024
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MUMBAI – Natural gas stocks in the US rose 18 bcf in the week ended Jul 26, according to data from the US Energy Information Administration. The gas inventory was 15.7% higher than the five-year average for this time of the year, the agency said in its weekly report.
The department pegged total gas in underground storage at 3.25 trln cu ft as of Jul 26, 8.4% higher than 3 trln cu ft a year ago. The stocks were 252 bcf higher than this time last year and 441 bcf above the five-year average of 2.63 trln cu ft, according to the report.
The east, midwest, and mountain regions of the US saw a rise in stocks, while the Pacific and south-central region, which includes salt and non-salt regions, witnessed a fall in inventory, according to the release. At 1500 IST, the most-active September contract of natural gas on the New York Mercantile Exchange was at $1.99 per mBtu. End
US$1 = 83.74 rupees
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Sandeep Sinha
Edited by Avishek Dutta
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