Bloomberg News

Natural-Gas Supply Probably Fell 84 Bcf, Bloomberg Users Say

December 29, 2011

Dec. 29 (Bloomberg) -- The U.S. Energy Department’s natural-gas inventory report, scheduled for release at 10:30 a.m. in Washington, will show that supplies fell 2.3 percent last week, according to a survey of Bloomberg users.

The Natural Gas Storage Report will show that inventories declined 84 billion cubic feet in the week ended Dec. 23 to 3.545 trillion cubic feet, according to the survey.

Natural gas for February delivery fell 1.1 cents, or 0.4 percent, to $3.11 per million British thermal units on the New York Mercantile Exchange at 10:21 a.m.

Bloomberg compiles the anonymous survey based on estimates by at least 100 users each week.

--Editors: Charlotte Porter, Richard Stubbe

To contact the reporter on this story: Naureen S. Malik in New York at nmalik28@bloomberg.net;

To contact the editor responsible for this story: Bill Banker at dstets@bloomberg.net


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