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NATGAS
Net flows of natural gas from Canada to the US are on the rise as high storage inventories continue to weigh on cash and forward prices in Western Canada, Platts said.
- Exports have averaged around 5.7 bcf/d since April 1, up around 0.7 bcf/d on the year, Platts data showed.
- With forward markets pricing AECO-C in Alberta at less than $1/MMBtu for the rest of the summer, strong flows to the US are likely to persist, Platts added.
- Imports have diminished the effect of production cuts in the US, which itself has an ongoing storage surplus.
- The Canadian natural gas market is likely to tighten in 2025 after the start of the 14m mtpa LNG Canada project which will draw in feedgas.
Source: S&P Global Commodity Insights
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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