US EIA to estimate 70-74 Bcf gas storage injection: survey

Houston (Platts)--16 Sep 2015 1146 am EDT/1546 GMT

A consensus of analysts surveyed by Platts Wednesday expects the US Energy Information Administration on Thursday will estimate a natural gas storage injection of 70-74 Bcf for the reporting week that ended September 11.

The EIA plans to announce its storage report at 10:30 am EST Thursday.

An injection within expectations would be less than the 90-Bcf injection reported at this time in 2014 and comparable to the 75-Bcf five-year average injection, according to EIA data.
The wider range of analysts' expectations for this week was for a build of 66-77 Bcf.

Last week, the EIA reported a 68-Bcf injection that increased inventories to 3.261 Tcf, which was 473 Bcf, or 17%, more than the year-ago inventory of 2.788 Tcf, and 127 Bcf, or 4.1%, more than the five-year average of 3.134 Tcf.

--Mark Watson, Markham.watson@platts.com
--Edited by Derek Sands, derek.sands@platts.com

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