Here is this weeks’ EIA natural gas storage report. Working gas in storage was 2,484 Bcf as of Friday, April 15, 2016, according to EIA estimates. This represents a net increase of 7 Bcf from the previous week. Stocks were 881 Bcf higher than last year at this time and 811 Bcf above the five-year average of 1,673 Bcf. At 2,484 Bcf, total working gas is within the five-year historical range.

EIA estimate storage injection of 2 Bcf
Vs
Actual injections 7 Bcf

A consensus of analysts surveyed by Platts expects the US Energy Information Administration will estimate an injection of 2 Bcf to natural gas in underground storage for the reporting week that ended April 15. EIA is scheduled to release its weekly storage report at 10:30 am EDT (1530 GMT) Thursday. An injection within expectations would be much less than the 82 Bcf injection reported at this time in 2015 and less than the five-year average of a 45 Bcf injection, according to EIA data. The wider range of analysts’ expectations for this week called for a withdrawal of 2 Bcf to an injection of 8 Bcf. Last week, EIA reported a 3 Bcf withdrawal that decreased inventories to 2.477 Tcf, which was 62.9% more than the year-ago inventory of 1.472 Tcf, and 52.1% more than the five-year average of 1.628 Tcf.

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