U.S. natural gas storage is on track to end the April-October summer injection season at 3.892 trillion cubic feet (tcf) on Oct. 31, the most since 2020, according to analysts’ estimates.

That compares with 3.569 tcf of gas in storage at the end of the summer injection season in 2022, 3.929 tcf at the end of October 2020 and a five-year (2018-2022) average of 3.628 tcf.

Looking ahead to the end of the November-March winter withdrawal season, analysts project storage will reach 1.917 tcf on March 31, 2024, the least since 2020.

That compares with 1.857 tcf at the end of the winter withdrawal season in 2023, 2.029 tcf at the end of March 2020 and a five-year (2019-2023) average of 1.655 tcf.

The 387 active storage fields in the Lower 48 states had a design capacity of 4.678 tcf in November 2021, according to federal data.
Source: Reuters (Reporting by Scott DiSavino)