Thursday, February 27, 2014

Western Canada Natural Gas Storage Declines

As winter and high prices linger in North America, Canadian storage operators continue to sell aggressively into the southbound pipelines, as last week's daily withdrawals averaged more than 2.5 BCFD.  The current winter has now seen 162 BCF more gas withdrawn from storage vs last winter.

Daily gas production in Alberta has not exhibited a strong trend yet in 2014, with several complicating variables but a continuing high gas rig count.