EIA Natural gas storage report
EIA Natural Gas Storage Report Released Jan 12 2023

Prompt-month NYMEX natural gas was trading at $3.79/MMbtu in morning trading, up $0.12/MMbtu as of 12:45 p.m. ET.

  • The EIA reported an injection of 11 Bcf into underground storage for the week ending January 6, 2023, vs. an estimated withdrawal of 12 Bcf.
  • The injection compares to a withdraw last year of 157 Bcf for the same week.
  • Inventories are 2,902 Bcf, 140 Bcf or 4.6% less than the same period last year and 40 Bcf or 1.4% less than the 5-year average.
  • The West will see lower temperatures coming this weekend and a cold shot will moved across the Eastern half of country this weekend but it is not connected to any arctic air.
  • Freeport LNG has still not received regulatory approval to restart and it could now be delayed until late February before the first cargo leaves Freeport.
EIA range of withdrawals