EIA Natural Gas Storage as of 5/08/26, as reported 5/14/26
*Working gas in storage was 2,290 Bcf as of Friday, May 8, 2026, according to EIA estimates. This represents a net increase of 85 Bcf from the previous week. Stocks were 51 Bcf higher than last year at this time and 140 Bcf above the five-year average of 2,150 Bcf. At 2,290 Bcf, total working gas is within the five-year historical range.
The NYMEX June contract closed at $2.86/MMBtu yesterday, a $0.02/MMBtu increase from Tuesday’s close. This week, June has averaged $2.87/MMBtu, around $0.09/MMBtu below last week’s average of $2.78/MMBtu. It is trading at $2.88/MMBtu, up $0.01/MMBtu from yesterday’s close. Near-term, the market continues to search for direction as LNG maintenance at Freeport and Golden Pass keeps feedgas demand suppressed for the next few weeks, capping upside. Fundamentals remains soft, storage sits 140 Bcf above the five-year average, and the shoulder-season weather pattern points to continued large injections through late May as the brief cold snap fades and warmer weather takes hold across the central and eastern US. Production pulled back to ~106.6 Bcf/d on maintenance related chokes, though a recovery toward the 108–109 Bcf/d range is expected once that clears, as current pricing doesn’t support outright curtailments. On the demand side, warmer-than-normal temperatures building across the East and South Central this weekend should provide a lift to power burns, while Golden Pass Train 1 startup preparations and a Freeport return from maintenance remain the key catalysts to watch on the LNG front. Mexican pipeline exports are holding steady 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
Current Market
