Record U.S. natural gas demand this winter led to largest storage withdrawal in four years

Record U.S. natural gas demand this winter led to largest storage withdrawal in four years
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06.06.2022

Net withdrawals of natural gas from U.S. storage totaled 2,264 billion cubic feet (Bcf) this winter (November through March). This amount is the most natural gas withdrawn from storage since the winter of 2017–18 and 10% more than the previous five-year (2016–17 to 2021–22) average, according our recently released Natural Gas Monthly, which includes data through March 2022. Typically more natural gas is withdrawn from storage in the United States than is injected during the winter heating season as demand (including consumption and exports) exceeds supply (including production and imports). During the heating season, natural gas must be drawn from storage to meet this excess of demand over supply. Working U.S. natural gas storage levels at the end of March 2022 were 1,401 Bcf, which is 11 Bcf higher than March 2018.

Full article at eia.gov

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