Dow Jones Natural Gas - Analysts' Estimates For Tomorrow's EIA Weekly Storage Report

DJ Analysts See 227-Billion-Cubic-Feet Drop in U.S. Natural Gas Inventories -- Update



  (Updates average forecast number in headline and second paragraph and updates number of analysts and traders
surveyed.)

   By Timothy Puko


  Analysts and traders expect government data scheduled for release Thursday to show natural gas inventories shrunk by
28% more than their average decline for this time of year.

  The U.S. Energy Information Administration is expected to report that storage levels fell by 227 billion cubic feet
of gas during the week ended Jan. 16, according to the average forecast of 19 analysts and traders surveyed by The Wall
Street Journal.

  The EIA is scheduled to release its storage data for the week on Thursday at 10:30 a.m. EST.

  For the Jan. 16 week, the median estimate is for a drop of 228 bcf. Estimates range from a decline of 193 bcf to a
decline of 250 bcf.

  The estimate for Jan. 16 is more than the 133 bcf drained from storage for the same week last year and more than the
176-bcf five-year average drain for that week.

  If the storage estimate is correct, inventories as of Jan. 16 totaled 2.6 trillion cubic feet, 7.7% above levels from
a year ago and 5.9% below the five-year average for the same week.


  Write to Timothy Puko at tim.puko@wsj.com


  Corrections & Amplifications

  This item was corrected at 3:38 p.m. ET to show that The estimate for Jan. 16 is more than the 133 bcf drained from
storage for the same week last year. The original incorrectly stated it was less.

Subscribe to WSJ: http://online.wsj.com?mod=djnwireshttp://online.wsj.com?mod=djnwires">http://online.wsj.com?mod=djnwires
>

  (END) Dow Jones Newswires

  January 21, 2015 15:16 ET (20:16 GMT)

  Copyright (c) 2015 Dow Jones & Company, Inc.

012115 20:16 -- GMT
------