EIA Natural Gas Storage as of 3/6/26, as reported 3/12/26
*Working gas in storage was 1,848 Bcf as of Friday, March 6, 2026, according to EIA estimates. This represents a net decrease of 38 Bcf from the previous week. Stocks were 141 Bcf higher than last year at this time and 17 Bcf below the five-year average of 1,865 Bcf. At 1,848 Bcf, total working gas is within the five-year historical range.
The NYMEX April contract closed at $3.21/MMBtu yesterday, a $0.19/MMBtu increase from Tuesday’s close. This week, April has averaged $3.14/MMBtu, around $0.12/MMBtu above last week’s average of $3.02/MMBtu. It is trading at $3.24/MMBtu, up $0.03/MMBtu from the previous day’s close. Natural gas prices have edged higher in recent sessions as geopolitical tensions in the Middle East provide support to the broader energy complex, even as underlying fundamentals remain relatively balanced. L48 production continues to run strong near 109-110 Bcf/d, with modest day-to-day variability driven by weaker Permian volumes offset by steady output across other basins. Despite resilient supply, short-term demand has strengthened modestly, with ResComm demand rising sharply on colder conditions across the East and MW, though the broader weather outlook still points to generally mild pattern across much of the country. LNG feedgas nominations have strengthened to nearly 20 Bcf/d, supported by higher flows to Sabine Pass and Corpus Christi as U.S. export facilities continue operating near capacity. Mexican exports remain steady near 6.4 Bcf/d, while Canadian imports are holding near 4 Bcf/d as regional demand dynamics remain mixed. Power burn has softened slightly DoD, but overall demand remains supported by intermittent cold shots across northern markets.
*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
