At the same time last year, the EIA’s weekly reports were setting records, as more gas was in storage than ever before. (Source: Shutterstock)
The U.S. Energy Information Administration (EIA) reported a 100 Bcf drop in natural gas storage for the week ending Feb. 7, beating expectations for the third week in a row.
Expectations for the withdrawal averaged about 90 Bcf. Instead, withdrawals stayed in triple digits for the fifth week in a row, according to the EIA report released Feb. 13. Analysts said the heavy withdrawals followed colder than expected weather and a growing demand for LNG.
“While this may not be the coldest winter on record, it is certainly rivaling the winters of ’20-21 and ’21-22,” East Daley Analytics wrote in a storage analysis.
At the same time last year, the EIA’s weekly reports were setting records, as more gas was in storage than ever before. On Feb. 7, 2024, about 2.545 Tcf of natural gas was stored in the lower 48 states, 181 Bcf above the EIA’s five-year average.
In 2025, the amount in storage, at 2.297 Tcf, is 67 Bcf below the five-year average. On Feb. 13, East Daley, considering the growing demand for natural gas and a colder-than-expected winter, forecast the storage amount will remain lower than the five-year average at least until the summer of 2026.
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