Analysts' Estimates For Tomorrow's EIA Storage Report - First Withdrawal of Winter 14-15 Expected

DJ Analysts See 11-Billion-Cubic-Feet Withdrawal from U.S. Natural Gas Inventories


  By Timothy Puko


  Analysts and traders expect government data scheduled for release Thursday to show natural gas inventories declined
by 1 billion cubic feet more than they usually do at this time of year.

  The U.S. Energy Information Administration is expected to report that storage levels dropped by 11 bcf of gas during
the week ended Nov. 14, according to the average forecast of 16 analysts and brokers 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. EDT.

  For the Nov. 14 week, the median estimate is for a withdrawal of 10.5 bcf. Estimates ranged from a decrease of 4 bcf
to a decrease of 22 bcf.

  The estimate for Nov. 14 is less than the 36 bcf taken from storage for the same week last year and more than the
10-bcf five-year average withdrawal for that week.

  If the storage estimate is correct, inventories as of Nov. 14 totaled 3.6 trillion cubic feet, 5.1% below levels from
a year ago and 6.2% below the five-year average for the same week.


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


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  (END) Dow Jones Newswires

  November 19, 2014 12:29 ET (17:29 GMT)

  Copyright (c) 2014 Dow Jones & Company, Inc.

111914 17:29 -- GMT
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