Working gas in storage was 3,339 Bcf as of Friday, August 12, 2016, according to EIA estimates. This represents a net increase of 22 Bcf from the previous week. Stocks were 327 Bcf higher than last year at this time and 405 Bcf above the five-year average of 2,934 Bcf. At 3,339 Bcf, total working gas is above the five-year historical range.

Estimated Injection   28 Bcf

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Actual Injection 22 Bcf

The US Energy Information Administration is expected to estimate a 28-Bcf injection into natural gas storage facilities for the reporting week that ended August 12, according to a consensus of analysts surveyed by Platts. The expected injection would be much less than the 56-Bcf injection reported at this time in 2015 as well as the five-year average, which is a 57-Bcf build, according to EIA data. The below-average build would mark the 15th consecutive week that weekly injections were significantly less than the historical average and last year and would continue to shrink the storage surplus. Analysts’ estimates in the survey ranged from an injection of 23 Bcf to 35 Bcf. An injection of 28 Bcf would grow stocks to 3.345 Tcf, 333 Bcf more than the corresponding week last year and 411 Bcf more than the five-year average

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