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Natural Gas storage Capacity in the U.S. has Barely Increased since the Start of the Shale Boom

The US Energy Information Administration (EIA) said on Thursday that underground natural gas Storage capacity remained virtually unchanged from 2012 and 2020, and was hardly altered from 2019 to 2020.Total operational gas capacity, or design capacity, in the Lower 48 states rose by 4 Bcf (billion cubic feet), or 0.1 percent, over the previous year.

According to EIA estimates, proven peak capacity, or the sum of each facility’s largest Storage levels reached during any month over the most recent five-year period, fell by 8 Bcf, or 0.2 percent, in 2020 compared to 2019.A drop in proven peak capacity in the Pacific area was the highest regional yearly change in any metric of underground natural gas operational capacity.Due to this year’s winter storms, a record quantity of natural gas, 156 Bcf, was extracted from in the week ending February 19 in the South Central area, which includes Texas.

Natural Gas storage Capacity in the U.S. has Barely Increased since the Start of the Shale BoomAs demand grew, the EIA reported at the end of February that the harsh winter weather caused the US to pull the second-largest amount of natural gas from Storage. Natural gas supplies declined by 338 Bcf in the week ending February 19, roughly three times the average outflow for the middle of February.

Owing to winter storms in February, net natural gas usage from Storage this heating time above the 5-year average by 10.6 percent in April, said by EIA. The first few months of the 2020/2021 winter heating seasons were warmer than typical, but a cold snap in February caused record heating demand, while wellheads froze, decreasing natural gas output in the US.

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