Natural Gas Inventory Report 1-23-09

Working gas in storage was 2,560 Bcf as of Friday, January 16, 2009, according to EIA estimates. This represents a net decline of 176 Bcf from the previous week. Stocks were 20 Bcf less than last year at this time and 31 Bcf above the 5-year average of 2,529 Bcf. In the East Region, stocks were 91 Bcf below the 5-year average following net withdrawals of 125 Bcf. Stocks in the Producing Region were 82 Bcf above the 5-year average of 774 Bcf after a net withdrawal of 43 Bcf. Stocks in the West Region were 39 Bcf above the 5-year average after a net drawdown of 8 Bcf. At 2,560 Bcf, total working gas is within the 5-year historical range.