Analysts' Estimates For Tomorrow's EIA Storage Report

DJ Analysts See 47-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
last week by just 2 billion cubic feet more than average.

  The U.S. Energy Information Administration is expected to report that storage levels fell by 47 billion cubic feet of
gas during the week ended March 13, according to the average forecast of 14 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. EDT.

  For the March 13 week, the median estimate is for a drop of 49 bcf. Estimates range from a decline of 30 bcf to a
decline of 55 bcf.

  The estimate for March 13 is less than the 69 bcf drained from storage for the same week last year and more than the
45-bcf five-year average drain for that week.

  If the storage estimate is correct, inventories as of March 13 totaled 1.5 trillion cubic feet, 53% above levels from
a year ago and 13% 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

  March 18, 2015 15:16 ET (19:16 GMT)

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

031815 19:16 -- GMT
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