Monday, January 9, 2017

Alberta Natural Gas Production and Storage Remain Tight Year-on-Year

Whether due to cold weather or other variables, the step-down in TC Nova natural gas output in the new year continues.  After hitting a one day peak above 11.5 BCF, output has been averaging about 10.9 in January.

Higher demand, and exports to the US, are pulling more from storage, and the 50 BCF surplus that began the year is shrinking steadily.  Daily withdrawals have been more than double prior year amounts, resulting in a 7 BCF reduction in the surplus through nine days of January: