Dow Jones Analyst Survey For Tomorrow's EIA Storage Report

DJ Analysts See 119-Billion-Cubic-Feet Drop in U.S. Natural Gas Inventories

   By Timothy Puko


  Analysts and traders expect government data scheduled for release Thursday to show natural gas inventories shrunk by
18% less than their average decline for this time of year.

  The U.S. Energy Information Administration is expected to report that storage levels fell by 119 billion cubic feet
of gas during the week ended Jan. 2, according to the average forecast of 20 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. 2 week, the median estimate is for a drop of 120 bcf. Estimates range from a decline of 90 bcf to a
decline of 133 bcf.

  The estimate for Jan. 2 is less than the 149 bcf drained from storage for the same week last year and the 145-bcf
five-year average drain for that week.

  If the storage estimate is correct, inventories as of Jan. 2 totaled 3.1 trillion cubic feet, 9.2% above levels from
a year ago and 1.7% 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

  January 07, 2015 14:49 ET (19:49 GMT)

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

010715 19:49 -- GMT
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