US Natural Gas Storage Levels Decline Amid Record-Breaking Heat Waves

Natural gas storage levels declined across several regions in the US as extreme heat waves gripped major markets, driving up demand for cooling.

The South Central region saw a decline of 9 billion cubic feet (Bcf) in natural gas storage, while Pacific inventories fell by 7 Bcf. The Mountain region stocks slipped 2 Bcf.

The heat waves sent natural gas demand upward to meet cooling needs, with major markets experiencing extreme temperatures. The South Central and Pacific regions were particularly affected, as they rely heavily on natural gas for electricity generation and industrial use.