DOE EIA Weekly Gas Storage Report – Realgy Energy Services

Here is this weeks’ EIA natural gas storage report. Working gas in storage was 2,557 Bcf as of Friday, April 22, 2016, according to EIA estimates. This represents a net increase of 73 Bcf from the previous week. Stocks were 870 Bcf higher than last year at this time and 832 Bcf above the five-year average of 1,725 Bcf. At 2,557 Bcf, total working gas is above the five-year historical range

Estimated 70 Bcf.

Actual 73 Bcf.

After two weeks of the US Energy Information Administration’s gas storage estimates coming in well below the five-year average injection, analysts expect the next one to be the biggest build of the year. A consensus of analysts surveyed by Platts expects that EIA will estimate an injection of 70 Bcf to gas in underground storage for the reporting week that ended April 22.The agency plans to release its weekly storage report at 10:30 am EDT (15:30 GMT) Thursday. An injection within expectations would be less than the 84 Bcf injection reported at this time in 2015 but more than the five-year average of a 52 Bcf build, according to EIA data. Predictions were all over the board as the wider range of analysts’ expectations called for an injection of 55 Bcf to 81 Bcf. An injection within analysts’ expectations of 70 Bcf would grow stocks to 2.554 Tcf, a surplus of 829 Bcf relative to the five-year average. It would be the biggest build since an 81 Bcf injection was posted for the week ended October 16. The expected injection marks the first week of the year when a build is expected to have occurred in all five of the EIA’s storage regions.