US natural gas inventories near five-year average

After starting the winter heating season (November – March) below its previous five-year average, Lower 48 working natural gas in storage surpassed its five-year average in mid-December during one of the warmest Decembers on record. However, colder-than-normal temperatures in early January 2022, along with increased LNG exports and increased power demand compared with 2021, have lessened these gains, and working natural gas is again less than the five-year average.