EIA Natural Gas Storage as of 10/23/26, as reported 10/29/26
* Working gas in storage was 3,724 Bcf as of Friday, October 23, 2026, according to EIA estimates. This represents a net increase of 80 Bcf from the previous week. Stocks were 147 Bcf less than last year at this time and 38 Bcf above the five-year average of 3,686 Bcf. At 3,724 Bcf, total working gas is within the five-year historical range.
The NYMEX December contract closed at $3.032 /MMBtu yesterday, a $0.03/MMBtu increase from Tuesday’s close. This week, December has averaged $2.99/MMBtu, down from last week’s $3.20 MMBtu average. It is trading at $2.91 /MMBtu, down $0.12/MMBtu from yesterday’s close. This morning’s EIA storage report showed a +80 Bcf injection for the week ending October 23. That was above the following estimates: the Desk Survey (+79), the Bloomberg Survey (+74), the Bloomberg Whisper (+72), Platts (+68) and our own +69. It’s a bearish miss after last week’s low-side print. Production has climbed to 110.4 Bcf/d on higher Texas volumes. Forecasts have also put warmer-than-normal temperatures back into the Northeast by day 15, which suggests any SSW event in the 11–15 day window may be short-lived and less impactful than previously thought. Heating demand is running about 2 Bcf/d below last year and isn’t expected to tighten much over the next couple of weeks. LNG feedgas is holding near 20.5 Bcf/d. Freeport is still running at just over two-thirds of its maximum power draw, so flows there could be revised lower. Plaquemines LNG has averaged nearly 4.3 Bcf/d over the last two weeks. With real-time inventories nearing 3.79 Tcf, we see end-of-season storage reaching 3.863 Tcf.
*Source: U.S. Energy Information Administration (EIA) Weekly Natural Gas Storage Report
Working Gas in Underground Storage, Lower 48
Working Gas in Underground Storage vs. 5-Year Maximum and Minimum
Current Market
Storage Map
