Market Highlights:
Natural gas storage
Net injections into storage totaled 79 Bcf for the week ending April 24, compared with the five-year (2021–2025) average net injections of 63 Bcf and last year’s net injections of 105 Bcf during the same week. Working natural gas stocks totaled 2,142 Bcf as of Friday, April 24, according to EIA estimates. Stocks were 153 Bcf (8%) more than the five-year average and 116 Bcf (6%) more than last year at this time.
Natural gas prices
The Henry Hub spot price fell 16 cents from $2.76/MMBtu last Wednesday to $2.60/MMBtu yesterday. The Henry Hub reported a daily price of $2.53/MMBtu last Friday, which is the lowest close since November 2024. Despite this, the Henry Hub price remains one of the highest of major U.S. pricing hubs this week. Total U.S. demand for natural gas decreased by 2% (1.2 Bcf/d) compared with last week, according to LSEG Data. A 12% (1.9 Bcf/d) decrease in residential and commercial sector consumption drove this decrease while natural gas use in the electric power sector increased by 3% (0.9 Bcf/d). The average total supply of natural gas fell 0.3% (0.3 Bcf/d) this week due to a decrease in dry production. Domestic natural gas consumption has averaged 67 Bcf/d this April, indicative of shoulder period needs, according to LSEG Data.
Liquefied Natural Gas (LNG)
For the week ending April 29: The LNG-carrying capacity of vessels departing U.S. ports was 133 Bcf, down 1 Bcf from the previous week. Thirty-five LNG vessels left U.S. ports, unchanged from the previous week. Nine vessels departed from Sabine Pass, seven from Plaquemines, six from Corpus Christi, five from Freeport, four from Cameron, two from Calcasieu Pass, and one each from Cove Point and Elba Island.