Natural Gas Inventory Report 1-07-09

Working gas in storage was 3,123 Bcf as of Friday, January 1, 2010, according to EIA estimates. This represents a net decline of 153 Bcf from the previous week. Stocks were 286 Bcf higher than last year at this time and 316 Bcf above the 5-year average of 2,807 Bcf. In the East Region, stocks were 112 Bcf above the 5-year average following net withdrawals of 93 Bcf. Stocks in the Producing Region were 147 Bcf above the 5-year average of 856 Bcf after a net withdrawal of 41 Bcf. Stocks in the West Region were 56 Bcf above the 5-year average after a net drawdown of 19 Bcf. At 3,123 Bcf, total working gas is above the 5-year historical range.