Here is this weeks’ EIA natural gas storage report.  Working gas in storage was 3,086 Bcf as of Friday, January 22, 2016, according to EIA estimates. This represents a net decline of 211 Bcf from the previous week. Stocks were 530 Bcf higher than last year at this time and 432 Bcf above the five-year average of 2,654 Bcf. At 3,086 Bcf, total working gas is above the five-year historical range.

Estimated between 204 and 208 Bcf.

Vs

Actual witdrawl 211 Bcf 

A consensus of analysts surveyed by Platts expects the US Energy Information Administration will estimate a natural gas storage withdrawal between 204 Bcf and 208 Bcf for the reporting week that ended January 22. EIA plans to release its weekly storage report at 10:30 a.m. EST Thursday. Withdrawal within expectations would be much more than the 112 Bcf drawdown reported at this time in 2015 and more than the 170 Bcf five year average withdrawal, according to EIA data. And for the third straight week, this looks to be the highest withdrawal of the heating season to date. It also would be the first of the season that is larger than both the withdrawal reported this week last year and the five-year average. The range of analysts’ expectations this week was narrow, calling for a withdrawal between 202 Bcf to 214 Bcf.

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