KOLD - U.S. Natural Gas Market: Production Drops Consumption Rises

• This Thursday, I expect the EIA to report 2,312 bcf of working gas in storage for the week ending Jan. 28.
• I anticipate seeing a draw of 279 bcf, 129 bcf larger vs. the five-year average for this time of the year.
• Dry gas production has dropped to 91.8 bcf/d - due to pipeline freeze-offs.
• Over the next 30-day period, total natural gas demand (consumption + exports) is expected to average 124 bcf/d (1.5 bcf/d more than a year ago).
• The storage deficit vs. the five-year average is currently projected to expand by 138 bcf by Feb. 25.

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