138 According to the US Energy Information Administration (EIA), working gas storage in the contiguous United States stood at 2,063 billion cubic feet in the week ending April 28, with a net increase of 54 billion cubic feet from the previous week. The total working gas storage is up 32.6% from this time last year, or 19.8% above the five-year average, Xinhua news agency reported, citing the EIA’s Weekly Natural Gas Storage Report. Typically, the storage of working gas in the US decreases from November and continues to drop in April when the heating season ends in the country, as per previous data. The storage of working gas refers to the amount of natural gas stored underground that can be withdrawn for use. Its storage capacity can be measured in two ways: design capacity and demonstrated maximum working gas capacity. The contiguous US comprises 48 adjoining states, the District of Columbia, and excludes the non-contiguous states of Alaska and Hawaii and all off-shore insular areas. With the increase in gas storage, there are hopes that the demand for natural gas will remain stable in the coming months, preventing any shortages or significant price increases. You Might Be Interested In Saudi Arabia Announces Additional Production Cut, Sending Oil Prices Soaring Aboitiz presents for ABAC Sustainable Growth Working Group on nuclear energy for decarbonization, democratization of climate risk data Gasoline prices are falling — for now The oil behemoth’s profits decreased by 23% in the third quarter South Korea, having sworn to lead the green transition, is holding it up Iraq-Turkiye oil flows not expected to resume before October
