Tuesday, February 25, 2014

Western Canada Drains Natural Gas Storage Further Amid Higher Exports and Consumption

More cold weather kept AECO natural gas prices sky high for another week as Alberta drew another 17 BCF from already low inventories, increasing winter withdrawals to 271 BCF, about 157 BCF greater than last year.

Daily production has recovered somewhat from 2014 lows, recently varying around 10 BCF per day in field receipts, or 200-300 MMCF above last year.

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