Here is this weeks’ EIA natural gas storage report.  Working gas in storage was 2,934 Bcf as of Friday, January 29, 2016, according to EIA estimates. This represents a net decline of 152 Bcf from the previous week. Stocks were 490 Bcf higher than last year at this time and 445 Bcf above the five-year average of 2,489 Bcf. At 2,934 Bcf, total working gas is within the five-year historical range.

Estimate 148 Bcf and 152 Bcf

Vs

Actual 152 Bdf

Gas demand fell across the nation last week as withdrawals likely decreased in all regions. A consensus of analysts surveyed by Platts expects the US Energy Information Administration will estimate a natural gas storage withdrawal of between 148 Bcf and 152 Bcf for the reporting week that ended January 29. Warmer temperatures last week dropped demand in all ofEIA’s five storage regions. “Week-over-week, total US demand is estimated to have averaged more than 9 Bcf/d lower than the previous week with US level heating degree days totaling 43 less at 134,” said Mitch DeRubis, a quantitative modeling analyst with Platts Bentek, an analytical division of Platts.

2 5 16

2 5 16 2