CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

MNI: CANADA JUN INDUSTRIAL PRICES +0.0% MOM; EX-ENERGY +0.1%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US Needs Storage to Smooth Gas Price Volatility: Argus

NATGAS

The US natural gas market will continue to be volatile for years to come as supply and demand growth far outpace the construction of new storage and transmission assets, according to executives, cited by Argus.

  • The US has moved from a roughly 60 Bcf/d market eight years ago to around 100 bcf/d today, and we haven't grown our storage capacity at all," said Rich Brockmeyer, head of NA natural gas and power at Gunvor.
  • "I expect we'll have volatility for years to come," he added.
  • When there are issues at LNG facilities, it pushes significant volumes back onto the domestic market.
  • Building additional storage capacity will be a challenge, with a three to four-year process before construction even begins, Cynthia Hansen, president of gas transmission and midstream at the Canadian oil and gas pipeline giant Enbridge.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.