Market Highlights:
Natural gas storage
Net injections into storage totaled 77 Bcf for the week ending October 30, compared with the five-year (2021–2025) average net injections of 61 Bcf and last year’s net injections of 39 Bcf during the same week.
Working natural gas stocks totaled 3,801 Bcf as of Friday, October 30, 2026, according to EIA estimates. Stocks were 54 Bcf (1%) more than the five-year average and 109 Bcf (3%) lower than last year at this time.
The average rate of injections into storage is the same as the five-year average so far in the refill season (April through October). If the rate of injections into storage matched the five-year average of 5.7 Bcf/d for the remainder of the refill season, the total inventory would be 3,807 Bcf on October 31, which is 54 Bcf higher than the five-year average of 3,753 Bcf for that time of year.
Natural gas prices
The Henry Hub natural gas spot price fell $0.24/MMBtu week over week, declining from $2.85/MMBtu last Wednesday to $2.61/MMBtu yesterday. During this period, prices reached a low of $2.40/MMBtu on Friday—the lowest daily price since November 2024. October prices averaged $2.99/MMBtu in 2026, which is $0.21/MMBtu below the October 2025 average. Total natural gas demand increased 0.2 Bcf/d (less than 1%) this report week, according to S&P Global Energy. Consumption in the electric power sector rose 1.1 Bcf/d (3%), while residential and commercial consumption declined 0.2 Bcf/d (1%) as warmer-than-normal temperatures across much of the eastern and central United States limited heating demand. LNG feedgas deliveries also decreased 0.6 Bcf/d (3%), amid compressor maintenance at Freeport LNG that took Train 2 offline on November 1. Net pipeline exports to Mexico also decreased slightly, by 0.1 Bcf/d (2%). Total natural gas supply fell by 0.9 Bcf/d (1%) this report week, according to S&P Global Energy. A 1.3 Bcf/d (1%) drop in dry gas production drove the decline, partially offset by a 0.4 Bcf/d (7%) rise in Canadian imports.
Liquefied Natural Gas (LNG)
For the week ending November 4: The LNG-carrying capacity of vessels departing U.S. ports was 144 Bcf, up 2 Bcf from the previous week. Thirty-eight LNG vessels left U.S. ports, up one vessel from the previous week. Nine vessels departed from Sabine Pass, eight from Plaquemines, seven from Corpus Christi, four from Cameron, three each from Calcasieu Pass and Freeport, two from Cove Point, and one each from Elba Island and Golden Pass.