EIA Natural Gas Storage Report - Feb 27

[dan_s]

Working gas in storage was 1,840 Bcf as of Friday, February 21, 2025, according to EIA estimates.
This represents a net decrease of 261 Bcf from the previous week.
Stocks were 561 Bcf less than last year at this time and 238 Bcf below the five-year average of 2,078 Bcf.
At 1,840 Bcf, total working gas is within the five-year historical range.

Celsius Energy's current forecast is that storage will be 290 Bcf below the 5-year average on March 7th.

Joe Bastardi's forecast for March includes one more Polar Vortex cold wave beginning mid-March that should increase the storage deficit by at least another 100 Bcf during the three weeks ending April 4.

My updated Wild Ass Guess (WAG) is that natural gas in U.S. storage will be 406 Bcf below the 5-year average on April 4 when the refill season begins. < Demand for space heating will wind down, but demand for LNG exports will continue to drift higher.