Working gas in storage was 3,317 Bcf as of Friday, August 5, 2016, according to EIA estimates. This represents a net increase of 29 Bcf from the previous week. Stocks were 361 Bcf higher than last year at this time and 440 Bcf above the five-year average of 2,877 Bcf. At 3,317 Bcf, total working gas is above the five-year historical range.

Estimated Injection 25 Bcf

Vs

Actual Injection  29 Bcf

After an extremely rare summer withdrawal to gas in storage was reported last week, analysts expect Thursday’s estimate to return to a build, albeit one still well below the historic norm. The US Energy Information Administration will estimate a 25-Bcf injection to natural gas in underground storage for the reporting week that ended August 5, according to a consensus of analysts surveyed by Platts. The EIA plans to release its weekly storage report at 10:30 am EDT Thursday. The expected injection would be less than half of both the 57-Bcf injection reported at this time in 2015 and the five-year average injection of 53 Bcf, according to EIA data. The below-average build would mark the 14th consecutive week the injection was less than the historical average and would continue to cut into the storage surplus. Analysts’ estimates in the survey ranged from a 21-Bcf injection to a 29-Bcf injection.

 

08 12 16 a

 

08 12 16 b