Friday, March 3, 2017

Alberta Gas Production Level at 11.2 BCFD, Storage Withdrawals Strong

Field receipts on the TC Nova system in Alberta have been near 11.2 BCFD for the last 12 days, which is around 1/4 BCF below last year's average for the same period.  

Meanwhile, year to date withdrawals from storage total 58 BCF, far exceeding last year's 17 BCF.  This brings western Canadian storage to about even with last year, as a 40 BCF surplus at Jan 1 has been worked off.  Cold weather should be moderating in the province this week, so likely the storage withdrawals will ease back and we may see the beginning of injection season, since gas demand south of the border will also be very low after this weekend.