Saturday, April 5, 2014

Western Canada: Gas Output Recovers, Storage Not Yet Rebuilding

Natural gas field receipts in Alberta began recovering from the maintenance related lows this week.  But gas in storage remained near its seasonal lows despite falling exports to the U.S.

Production fell below 10 BCFD last weekend, and has recovered in the last few days to above 10.2 BCFD.  Further gains should materialize in the next two weeks, though the overall trend in field receipts should be downward for two months to reflect normal seasonality from reduced field activity during spring breakup.

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