EIA Natural Gas Storage as of 5/01/26, as reported 5/7/26
*Working gas in storage was 2,205 Bcf as of Friday, May 1, 2026, according to EIA estimates. This represents a net increase of 63 Bcf from the previous week. Stocks were 75 Bcf higher than last year at this time and 139 Bcf above the five-year average of 2,066 Bcf. At 2,205 Bcf, total working gas is within the five-year historical range.
The NYMEX June contract closed at $2.73/MMBtu yesterday, a $0.06/MMBtu decrease from Tuesday’s close. This week, June has averaged $2.80/MMBtu, around $0.08/MMBtu above last week’s average of $2.72/MMBtu. It is trading at $2.80/MMBtu, up $0.07/MMBtu from yesterday’s close. Near-term, the market appears to be establishing a trading range before a potential pre-summer rally attempt in the 30-45 day window. Fundamentals remain soft heading into injection season, and the shoulder-season weather pattern points to back-to-back triple-digit weekly injections to close out May as late-season heating demand fades. Dry gas production has recovered to around 108–109 Bcf/d, and supply-side pressure is building with Permian takeaway expansions and a ramp in Haynesville DUC completions on the horizon. On the demand side, LNG feedgas is running ~17.9 Bcf/d — still off April highs as maintenance activity weighs — though Corpus Christi T6 recently received FERC approval to introduce feed gas to the cold end, with first liquefaction expected soon. Mexican pipeline exports are holding near 7.0 Bcf/d.
*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
Working Gas in Underground Storage vs. 5-Year Maximum and Minimum
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