EIA Reports Record Natural Gas Storage Withdrawal Amid Winter Storm Fern

The Energy Information Administration (EIA) announced a record natural gas storage withdrawal of 360 billion cubic feet (Bcf), surpassing the previous record of 359 Bcf set on January 5, 2018. FactSet posted on X that this withdrawal follows a significant extraction of 262 Bcf on January 23, 2026, due to Winter Storm Fern, resulting in storage levels falling to a 27-Bcf deficit compared to the five-year average. Current storage levels are at 2.46 trillion cubic feet (Tcf). Before the winter of 2025/2026, storage was in surplus relative to the five-year average, entering the season at approximately 3.96 Tcf.