EIA Natural Gas Storage Report - May 22

[dan_s]

Working gas in storage was 2,375 Bcf as of Friday, May 16, 2025, according to EIA estimates.
This represents a net increase of 120 Bcf from the previous week.
Stocks were 333 Bcf less than last year at this time and 90 Bcf above the five-year average of 2,285 Bcf.
At 2,375 Bcf, total working gas is within the five-year historical range.

Natural gas in inventory must be higher than last year because natural gas demand is much higher than it was five years ago.

The weekly builds should begin declining as summer heat expands, increasing demand for electricity. If gas in storage is still more than 300 Bcf below last year on May 30, it will be difficult for storage to fill by mid-November.

Demand for U.S. natural gas is now expected to increase by ~29 Bcf per day by 2030. We are going to need a lot more pipelines, infrastructure and storage capacity to serve the much larger market.