Friday, January 31, 2014

Western Canada Natural Gas Storage and Production

With ongoing cold weather in the US, Canada continues to ship gas southward in high volume.  It is depleting storage quickly in Western Canada, as Transcanada daily reports show.  Alberta production is above last year, but not dramatically (less than 1/2 BCFD up), and storage withdrawals are outpacing last winter by 107 BCF, a meaningful deficit.