GAZB - Natural Gas Consumption To Peak Next Week

• This Thursday, I expect the EIA to report 2,673 bcf of working gas in storage for the week ending July 16.
• I anticipate seeing a build of 44 bcf, 8 bcf larger vs the five-year average for this time of the year.
• Short-range weather models projected above normal TDDs.
• Net exports (calculated exports minus imports) have dropped to a six-day low - 10.8 bcf/d.
• Over the next two weeks, the total balance should be somewhat tight vs a year ago at around -2.3 bcf/d y-o-y.

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