Analysts' Estimates For Tomorrow's EIA Weekly Storage Report

DJ Analysts See 121-Billion-Cubic-Feet Addition to U.S. Natural Gas Inventories

   By Timothy Puko


  Analysts expect government data scheduled for release Thursday to show natural gas inventories last week rose by
nearly a third more than they usually do at that time of year.

  The U.S. Energy Information Administration is expected to report that storage levels grew by 121 billion cubic feet
of gas during the week ended May 29, according to the mean forecast of 19 analysts surveyed by The Wall Street Journal.

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

  For the May 29 week, the median estimate is for an addition of 123 bcf. Estimates range from an addition of 101 bcf
to an addition of 129 bcf.

  The estimate for May 29 compares with 118 bcf added to storage for the same week last year and the 92-bcf five-year
average addition for that week.

  If the storage estimate is correct, inventories as of May 29 totaled 2.2 trillion cubic feet, 50% above levels from a
year ago and 0.5% 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

  June 03, 2015 12:47 ET (16:47 GMT)

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

060315 16:47 -- GMT
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