We are excited to announce that as of February 1, Wood Mackenzie is a portfolio company of Veritas Capital, a leading investor at the intersection of technology and government. Our focus remains on providing you with the best intelligence, analytics, data and tools to ensure you are making the best data-driven business decisions with confidence.  

Read more in our news release here. 

Commodity Market Report

North America gas weekly update: South Central storage flips back to withdrawals

Get this report


You can pay by card or invoice

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

21 March 2023

North America gas weekly update: South Central storage flips back to withdrawals

Report summary

Last week’s colder-than-normal weather is set to increase L48 gas storage withdrawals week-over-week. However, coinciding with this yesterday’s arrival of astronomical spring, storage withdrawals will then seasonally taper off through the end of the month. The week ending 31 March is set to exit withdrawal season at above 1.8 Tcf, a 285 Bcf surplus versus the five-year average. As Henry Hub gas prices spiral downwards North American gas markets once again ask: • Will US gas operators need to further reduce production plans? • Will Freeport LNG start displaying steady, full utilization soon? • How will spring weather impact balances?

Table of contents

  • No table of contents specified

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    Imbalance Chart Pred.xlsx

    XLSX 493.00 KB

  • Document

    Scrape Data.xlsx

    XLSX 496.62 KB

  • Document

    Weather Index.xlsx

    XLSX 108.57 KB

  • Document

    Weekly 21 March 2023.pdf

    PDF 594.29 KB