Platts Survey of Analysts Suggests U.S. EIA Data Will Show an Injection to Natural Gas Stocks of 68 to 72 Billion Cubic Feet


Washington - July 01, 2015


WASHINGTON, July 1, 2015 - Platts - The U.S. Energy Information Administration (EIA) on Thursday is expected to report a natural gas storage injection between 68 and 72 billion cubic feet (Bcf) for the week ended June 26, according to a Platts survey of analysts.

An injection within expectations would be well below the 102-Bcf build reported at this time last year and less than the 75-Bcf five-year average, according to EIA data.

The wider range of analysts' expectations for this Thursday's report spanned an injection of 60 Bcf to 78 Bcf.

Last week, the EIA reported a 75-Bcf injection that increased inventories to 2.508 trillion cubic feet (Tcf), which was 695 Bcf, or 38.3%, more than the year-ago inventory of 1.813 Tcf, and 35 Bcf, or 1.4%, more than the five-year average of 2.473 Tcf.

"The expected injection would mark the second straight week with an injection below both the five-year average and the comparable build from a year ago, after almost three full months of injections above the historic levels," Bentek Energy*, an analytics and forecasting unit of Platts, said in its Weekly Storage Report. "Demand is the major culprit for the smaller injection."

The Producing Region** is likely to report a minimal injection for the week, while above-normal temperatures along the West Coast boosted demand in the region, causing West Region injections to likely fall to the lowest levels since the beginning of summer.

For more information on natural gas, visit the Platts website www.platts.com.

The weekly analyst survey is conducted by Platts' editorial team, and is published every Wednesday morning, one day ahead of the 10:30 a.m. (ET) Thursday release of the weekly natural gas storage report of the U.S. Energy Information Administration. Platts has been conducting this survey since January 2007. The survey includes 15 to 25 analysts, some on a rotational basis.

*Bentek Energy was acquired by Platts in 2011.

**In its weekly natural gas report, the EIA divides the U.S. into three storage regions: East, West and Producing. The full listing of the states that comprise each can be found here.


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