
· Brian Horton
· Natural Gas Storage
U.S. Natural Gas Storage Declines by 80 Bcf in Latest EIA Report
The total working gas in underground storage decreased by 80 billion cubic feet, bringing the total to 1,760 Bcf.
The total working gas in underground storage decreased by 80 billion cubic feet, bringing the total to 1,760 Bcf.
U.S. natural gas prices have surged, driven by record-breaking flows of LNG exports.
The EIA's 2024 report reveals that natural gas-directed rigs in the U.S. dropped once again, continuing the trend from the previous year.
According to the U.S. Energy Information Administration (EIA), natural gas storage across the Lower 48 states saw a significant decrease, dropping by 261 billion cubic feet
The increasing demand for natural gas presents both challenges and opportunities for the natural gas pipeline industry.