Market Highlights:
Natural gas storage
Net withdrawals from storage totaled 38 Bcf for the week ending March 6, compared with the five-year (2021–2025) average net withdrawals of 64 Bcf and last year’s net withdrawals of 64 Bcf during the same week. Working natural gas stocks totaled 1,848 Bcf as of Friday, March 6, 2026, according to EIA estimates. Stocks were 17 Bcf (1%) lower than the five-year average and 141 Bcf (8%) more than last year at this time. The average rate of withdrawals from storage is 10% higher than the five-year average so far in the withdrawal season (November through March). If the rate of withdrawals from storage matched the five-year average of 1.9 Bcf/d for the remainder of the withdrawal season, the total inventory would be 1,801 Bcf on March 31, which is 17 Bcf lower than the five-year average of 1,818 Bcf for that time of year.
Natural gas prices
The Henry Hub spot price increased by 26 cents/MMBtu from $2.89/MMBtu last Wednesday to $3.15/MMBtu yesterday. Total U.S. demand for natural gas decreased by 10% (12.1 billion cubic feet per day [Bcf/d]) compared with the previous report week, according to LSEG Data, led by a 27% (8.3 Bcf/d) decrease in the residential and commercial sectors. Warmer temperatures this week across the United States have helped to moderate seasonal natural gas demand for space heating. Prices at Henry Hub have been between $2.89/MMBtu and $3.30/MMBtu since mid-February, as winter price volatility has declined heading into early spring.
Liquefied Natural Gas (LNG)
For the week ending March 11: The LNG-carrying capacity of vessels departing U.S. ports was 133 Bcf, down 15 Bcf from the previous week. Thirty-six LNG vessels left U.S. ports, down three vessels from the previous week. Ten vessels departed from Sabine Pass, seven from Plaquemines, six from Corpus Christi, four each from Cameron and Freeport, three from Calcasieu Pass, and two from Elba Island.