COM - Natural Gas: A Slightly Tighter Balance For The Next Two Weeks

• This Thursday, I expect the EIA to report 2,859 bcf of working gas in storage for the week ending Aug. 20.
• I anticipate seeing a build of 37 bcf, 7 bcf smaller vs. the five-year average for this time of the year.
• The annual storage deficit currently is projected to peak in mid-September and is then projected to moderate relatively fast.
• The latest numerical weather prediction models agree that TTDs should stay mostly above the norm.
• During the next two weeks, the total balance should be slightly tighter vs. a year ago at around -0.95 bcf/d y-o-y.

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