Westcoast Station 2 Canada Natural Gas Prices

Published: Dec 1, 2017
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Westcoast Station 2 Description

Gas delivered into Station 2 along Spectra's Westcoast Energy (WEI) pipeline. Station 2 is located near Chetwynd, BC, and is the main aggregation point from which supplies from the Northeastern part of British Columbia are shipped south along the main WEI pipeline. Reported in $C/GJ.
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NatGas Futures Take Out $2.75 Support as East Coast Cash Prices Surge; Europe Gas Explosion Raises LNG Possibilities

Natural gas futures followed up last week's selling by falling even further Tuesday, setting a new low for the January contract as the market appears to doubt whether winter demand can soak up ample production. Meanwhile, East Coast spot market buyers had no doubt about an increase in short-term demand, and big gains in the Northeast and Mid-Atlantic lifted the NGI National Spot Gas Average 21 cents to $3.19/MMBtu. Read More

NatGas Futures Gain Before Forecast Prompts Post-Settle Slide; Cash Firms on Winter Demand

After last week's drubbing, natural gas futures gained modestly on Monday to start the new week, helped by some frigid temperatures in the 11-15 day outlook. The spot market firmed as well, even as prices moderated somewhat in the Northeast, and the NGI National Spot Gas Average added 4 cents to $2.98/MMBtu. Read More

Cash Notches Weekly Gains, But NatGas Futures Not Impressed By Cold

The arrival of winter cold following a period of mild temperatures helped lift natural gas spot prices in some regions this week, but a sell-off in futures showed it wasn’t cold enough to send the bears into hibernation. The NGI Weekly Spot Gas Average gained 18 cents to $2.89. Read More

NatGas Futures Bulls Limp into Weekend; Cash Falls Despite East Coast Strength

Natural gas futures traded in a holding pattern Friday, adding less than a penny to the prompt-month contract to cap off a rough week for the bulls. Outside of strong weather-driven gains along the East Coast, the spot market softened also, with prices in some regions barely registering a reaction to the arrival of cold weather. The NGI National Spot Gas Average gained 8 cents to $2.94/MMBtu. Read More

NatGas Futures Test Low End Amid Volatile Weather Outlook, Rare December Storage Build

Natural gas futures sold off sharply Thursday, with a rare December storage injection doing little to ease market concerns over volatility in the latest weather outlook. Outside of some strength in the Mid-Atlantic and New York, the bears controlled the spot market too, and the NGI National Spot Gas Average declined 12 cents to $2.86/MMBtu.

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Rare December Injection No Surprise For NatGas Futures as Bears Already in Control

The Energy Information Administration reported a net injection into U.S. gas stocks for the week ended Dec. 1, a bearish miss on what was already a bearish consensus leading up to the report. Read More

Despite Chilly Forecast, Bears Not Sleeping on NatGas Futures; Cash Firms as SoCal Spikes (Again)

Natural gas futures continued lower Tuesday, with a wintry forecast unable to persuade a skeptical market seeing signs of looseness in the fundamentals. A cold blast set to move through this week helped lead prices higher in the cash market, though increases were modest in many regions; the NGI National Spot Gas Average climbed 7 cents to $2.86/MMBtu. Read More

NatGas Cash Lifted by Looming Wintry Blast; Futures Traders Wonder If It’s Cold Enough

The natural gas futures market seemed to be taking a wait-and-see approach Monday to the cold blast set to hit later this week, and the prompt-month sold off heavily despite opening higher on some cooler changes in the weekend weather data. With forecasts suggesting the mercury is about to drop, the spot market firmed on the strength of gains in the Midwest and Midcontinent; the NGI National Spot Gas Average added 14 cents to $2.79/MMBtu. Read More

NatGas Spot Market Spends Week Waiting For Cold as Futures Trade on Forecasts

Natural gas markets spent the week looking ahead to December cold; between bidweek and futures trading, the natural gas markets keyed in on forecasts for chilly temperatures expected to move through beginning Dec. 6-7. A relative lack of short-term demand weighed on the spot market as it waited for that forecast cold to materialize, and the NGI Weekly Spot Gas Average fell 14 cents to $2.71/MMBtu. Read More

Forecast Fatigue? NatGas Futures Inch Higher as Market Anticipates Cold Blast

Natural gas futures continued to trade on the forecasts Friday, specifically the relative strength of chilly temperatures expected to move through beginning mid-week; January finished modestly higher on the latest models showing gains in projected heating demand through Dec. 15. Lighter demand heading into the weekend pointed to a spot market disinterested in three-day deals, and theNGI National Spot Gas Average fell 13 cents to $2.65. Read More