EIA Natural Gas Storage Report - March 20

[dan_s]

Working gas in storage was 1,707 Bcf as of Friday, March 14, 2025, according to EIA estimates.
This represents a net increase of 9 Bcf from the previous week.
Stocks were 624 Bcf less than last year at this time and 190 Bcf below the five-year average of 1,897 Bcf.
At 1,707 Bcf, total working gas is within the five-year historical range.

During April demand for natural gas is at the low point of the year because space heating demand has ended and demand for electricity (A/C demand) doesn't ramp up until mid-May.
Increasing demand for LNG exports will make it difficult to refill storage this year.
Demand for U.S. natural gas is much higher today than it was five years ago, so we actually need more gas in storage year-after-year.

At the time of this post the DEC25 NYMEX futures contract for U.S. natural gas was trading at $5.31/MMBtu. JAN26 was trading at $5.55/MMBtu.