Working gas in storage was 3,814 Bcf as of Friday, December 18, 2015, according to EIA estimates. This represents a net decline of 32 Bcf from the previous week. Stocks were 561 Bcf higher than last year at this time and 411 Bcf above the five-year average of 3,403 Bcf. At 3,814 Bcf, total working gas is above the five-year historical range.

EIA to estimate 22-Bcf storage withdrawal

Vs

Actual was 32 Bcf

A consensus of analysts surveyed by Platts expects the US Energy Information Administration on Thursday will estimate a natural gas storage withdrawal of between 20 Bcf and 24 Bcf for the reporting week that ended December 18. EIA plans to announce its storage report at 10:30 a.m. EST Thursday. Above-normal temperatures blanketing the eastern half of the US this December prompted most analysts to call for a drawdown of almost 100 Bcf below the five-year average for this week. Withdrawal within expectations would be less than the 52 Bcf withdrawal reported at this time in 2014 and substantially less than the 121 Bcf five-year average withdrawal, according to EIA data. The wider range of analysts’ expectations call for a withdrawal of 15 Bcf to 30 Bcf. Last week, EIA reported a 34-Bcf withdrawal that decreased inventories to 3.846 Tcf, which was 541 Bcf, or 16.4%, more than the year-ago inventory of 3.305 Tcf, but 322 Bcf, or 9.1%, more than the five-year average of 3.524 Tcf

12 28 15 a

 

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