- 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.
For further details see:
U.S. Natural Gas Market: Production Drops, Consumption Rises