Read all of the replies to the previous post, which includes a prediction that the NYMEX strip for HH natural gas should be over $5.00/MMBtu for the 12 months of 2026 by December 2025.
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Working gas in storage was 2,707 Bcf as of Friday, June 6, 2025, according to EIA estimates.
This represents a net increase of 109 Bcf from the previous week.
Stocks were 256 Bcf less than last year at this time and 139 Bcf above the five-year average of 2,568 Bcf.
At 2,707 Bcf, total working gas is within the five-year historical range.
I highlight the comparison to last year's storage level because the U.S. will definitely need more gas in storage by November 2025 than it had in storage November 2024 to meet the increased demand for natural gas coming in 2026.
Demand for U.S. natural gas will increase significantly in July & August due to rising LNG exports and summer weather driven demand for electricity, which will keep a high percentage of the country's natural gas fired power plants running at maximum capacity. If this happens, the likelihood of a $5.00 12-month strip price in December goes over 50%.
EIA Natural Gas Storage Report - June 12
EIA Natural Gas Storage Report - June 12
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group