Tuesday, April 29, 2014

Western Canada Nat Gas Inventories Not Recovering Quickly

After a winter of high demand, high exports, and production curtailments, the low gas inventories in the Canadian west are not rebuilding at a sufficient pace.  Gas production is outpacing 2013 by roughly 0.25BCFD lately, but high gas prices in the western U.S. are drawing gas across the border.  Since April 1, storage injections in Alberta are pacing 2013.