Natural Gas Inventory Report 1-08-09

Working gas in storage was 2,830 Bcf as of Friday, January 2, 2009, according to EIA estimates. This represents a net decline of 47 Bcf from the previous week. Stocks were 31 Bcf higher than last year at this time and 87 Bcf above the 5-year average of 2,743 Bcf. In the East Region, stocks were 18 Bcf below the 5-year average following net withdrawals of 49 Bcf. Stocks in the Producing Region were 78 Bcf above the 5-year average of 824 Bcf after a net injection of 14 Bcf. Stocks in the West Region were 26 Bcf above the 5-year average after a net drawdown of 12 Bcf. At 2,830 Bcf, total working gas is within the 5-year historical range.