EIA Natural Gas Storage as of 2/6/26, as reported 2/12/26
*Working gas in storage was 2,214 Bcf as of Friday, February 6, 2026, according to EIA estimates. This represents a net decrease of 249 Bcf from the previous week. Stocks were 97 Bcf less than last year at this time and 130 Bcf below the five-year average of 2,344 Bcf. At 2,214 Bcf, total working gas is within the five-year historical range.
The NYMEX March contract closed at $3.16/MMBtu yesterday, a $0.04/MMBtu increase from Tuesday’s close. This week, March has averaged $3.16/MMBtu, around $0.23/MMBtu below last week’s average of $3.39/MMBtu. It is trading at $3.25/MMBtu, up $0.09/MMBtu from the previous day’s close. Natural gas prices edged higher this week as the market positioned for a sizeable storage withdrawal and a brief return of colder weather in the East, though upside remains tempered by a warmer mid-February outlook. The March contract has found near-term support, with volatility firming slightly as the market reassesses late-winter risk. L48 production continues to hold near 109 Bcf/d, with NE volumes climbing and offsetting small declines in the Permian and Haynesville, keeping overall supply steady in the 109-110 Bcf/d range. LNG feedgas nominations remain strong at ~19.6 Bcf/d, with all facilities operating near capacity, while Mexican exports have strengthened toward 6.8 Bcf/d and Canadian imports are averaging just under 6 Bcf/d over the past week. ResComm demand has increased on near-term East region cooling but is expected to soften over the weekend as warmer than normal conditions expand across much of the country before cooler weather re-emerges later in the 11-15 day window. Overall, steady production and a mixed weather outlook continue to anchor prices near recent levels, with near-term support from colder pockets offset by expectations for moderating demand into late February.
*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
