U.S. Natural Gas End-of-season Storage Forecasts

U.S. Natural Gas End-of-season Storage Forecasts

U.S. natural gas storage was expected to end the April-October injection season at a below-normal 3.8 trillion cubic feet (tcf) at the end of October, according to analysts. That compares with a five-year (2012-16) average of 3.9 tcf and falls well short of last year’s record high of 4.0 tcf at the end of the injection season.

The 385 active storage fields in the lower 48 states had a working capacity of 4.373 tcf in November 2016, according to federal data. The following lists analysts’ storage estimates in trillion cubic feet with the most recent estimates on top. * Indicates changes to table Company Oct. 31, Oct. 31, March 31, March 31, Date 2017 2017 2018 2018 tcf tcf tcf tcf Current Previous Current Previous RBC Capital Markets 3.951 2.252 Jul 20 U.S. EIA 3.930 3.926 1.793 1.771 Jul 11 UBS 3.800 3.850 Jul 11 Guernsey 4.000 Jul 10 GMP FirstEnergy 3.850 3.820 Jul 10 Stephen Smith Energy 3.598 3.523 Jul 10 Credit Suisse 3.500 3.458 1.560 1.523 Jun 30 Citibank 3.704 3.683 1.340 1.329 Jun 21 Barclays 3.900 3.800 1.800 Jun 8 Societe Generale ~3.600 1.458 May 31 Piper Jaffray’s Simmons 3.700 May 25 ION Energy 3.745 1.500 May 19 SMC Report 3.643 Apr 30 (Reporting by Scott DiSavino)

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