Working gas in storage was 2,584 Bcf as of Friday, February 19, 2016, according to EIA estimates. This represents a net decline of 117 Bcf from the previous week. Stocks were 615 Bcf higher than last year at this time and 577 Bcf above the five-year average of 2,007 Bcf. At 2,584 Bcf, total working gas is above the five-year historical range.

EIA estimate 146 Bcf withdrawal

Vs

Actual 117 Bcf

A consensus of analysts surveyed by Platts expects the US Energy Information Administration will estimate a natural gas storage withdrawal of between 144 Bcf and 148 Bcf for the reporting week that ended February 19. The EIA plans to release its weekly storage report at 10:30 am EST (1530 GMT) Thursday. A withdrawal within expectations would be less than the 205 Bcf withdrawal reported at this time in 2015 and in line with the 144 Bcf five-year average withdrawal, according to EIA data. The wider range of analysts’ expectations for this week called for a withdrawal of 131 Bcf to 162 Bcf

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