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

DJ Analysts See 108-Billion-Cubic-Feet Drop in U.S. Natural Gas Inventories

   By Timothy Puko


  Analysts, brokers and traders expect government data scheduled for release Thursday to show natural gas inventories
shrunk by 40% 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 108 billion cubic feet
of gas during the week ended Feb. 13, according to the average forecast of 17 analysts, brokers 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 Feb. 13 week, the median estimate is for a drop of 110 bcf. Estimates range from a decline of 96 bcf to a
decline of 116 bcf.

  The estimate for Feb. 13 is less than the 247 bcf drained from storage for the same week last year and less than the
180-bcf five-year average drain for that week.

  If the storage estimate is correct, inventories as of Feb. 13 totaled 2.2 trillion cubic feet, 46% above levels from
a year ago and 2.9% above 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

  February 18, 2015 14:43 ET (19:43 GMT)

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

021815 19:43 -- GMT
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