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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (1157)	3/8/2001 12:19:34 AM
From: The Ox	Respond to of 23153

Washington (Platts)--7Mar2001 With four weeks to go in the traditional storage withdrawal season, the historical low of 546 Bcf in April 1996 will be tested unless the withdrawal pace tapers off quickly. The American Gas Assn. reported Wednesday that 73 Bcf of working gas -- along with 4 Bcf of producing region base gas -- was withdrawn in the week ending March 2, lowering working gas nationwide to 786 Bcf, or 23.9% of capacity. The year-to-year deficit rose from 335 Bcf to 371 Bcf, while the deficit from the five-year average climbed from 378 Bcf to 394 Bcf. AGA's five-year average showed a withdrawal of 57 Bcf and an average working-gas volume of 1.180 Tcf. In the same week a year ago, 37 Bcf was withdrawn to lower working gas to 1.157 Tcf, 36% of capacity. Two years ago, 69 Bcf was withdrawn to lower storage to 1.593 Tcf, 49% of capacity. Three years ago, withdrawal of 47 Bcf reduced storage volumes to 1.301 Tcf, 41% of capacity. Four years ago, withdrawal of 76 Bcf dropped storage to 988 Bcf, 31% of capacity. And five years ago, withdrawal of 62 Bcf lowered storage to 858 Bcf, 27% of capacity. Working gas last week dropped 6 Bcf in the producing region, to 236 Bcf (372 Bcf a year ago), 54 Bcf in the consuming region east, to 402 Bcf (527 Bcf a year ago), and 13 Bcf in the consuming region west, to 148 Bcf (258 Bcf a year ago). Regionally, working-gas levels as a percentage of full capacity were 24.8% in the producing region (down from 25.4% the previous week); 21.9% in the consuming region east (down from 24.9%); and 29.2% in the consuming region west (down from 31.8%).