Natural Gas Storage: -258 Bcf

EIA reports largest storage withdrawal since January 2024.

The U.S. Energy Information Administration reported a weekly withdrawal of 258 Billion Cubic Feet (Bcf) in Lower 48 natural gas storage inventories for the week ending January 10, 2025 (Link).  Total inventories now stand at 3,115 Bcf, 111 Bcf (3.4%) below year-ago levels and 77 Bcf (2.5%) above the 2019-2023 average for the same week. 

Natural gas stocks declined by 258 Bcf during the week ended January 10, according to this morning’s government report. This represents the 10th largest weekly deduction from inventories since 2010 and the largest since last January. The draw brought storage inventories to a deeper deficit to year-ago levels, while cutting the surplus to the five-year average more than in half. During the same week in 2024, 150 Bcf was deducted from inventories, while the five-year average was a withdrawal of 128 Bcf.