Malaysia’s state-owned Petroliam Nasional Berhad, aka Petronas, has increased its ownership of Montney shale production destined for liquefied natural gas (LNG) exports from British Columbia (BC) and added a Canadian price benchmark to its international marketing. Japan Petroleum Exploration Co. Ltd. (Japex) announced that it would sell its 10% share in a BC supply partnership…
AECO
Articles from AECO
July Natural Gas Futures Plummet Following Triple-Digit Storage Build Far Ahead of Expectations
Natural gas futures plunged Thursday after a hefty storage injection that easily surpassed the high end of analysts’ expectations and magnified supply/demand imbalance worries amid a coronavirus pandemic that has crippled economic activity and dwindled U.S. exports. The July Nymex contract dropped 11.5 cents day/day and settled at $1.482 /MMBtu — a fourth-consecutive day of…
NGI The Weekly Gas Market Report
West Coast Natural Gas Hubs Seeing Winter Basis Rise from the Ashes of Oil’s Fall
A number of western U.S. demand hubs have experienced notable basis uplift over the past month as the collapse in oil prices has decimated drilling activity and scrambled the Lower 48 supply outlook for the 2020/21 winter, NGI pricing data show.
Robust Storage, Weak Demand Equal Downside Room for Canadian NatGas Prices
Natural gas prices along the AECO forward curve — which already are showing signs of weakness further out the curve — could see near-month packages fall substantially in the coming weeks. Storage inventories in western Canada are nearing maximum capacity only one month into the traditional injection season, and demand is proving lackluster in high-density population centers that the region typically relies upon to take gas.
Robust Storage, Weak Demand Equal Downside Room for Canadian NatGas Prices
Natural gas prices along the AECO forward curve — which already are showing signs of weakness further out the curve — could see near-month packages fall substantially in the coming weeks. Storage inventories in western Canada are nearing maximum capacity only one month into the traditional injection season, and demand is proving lackluster in high-density population centers that the region typically relies upon to take gas.
AECO Has Room to Fall Amid Plump Storage, Weak Demand
Natural gas prices along the AECO forward curve — which already are showing signs of weakness further out the curve — could see near-month packages fall substantially in the coming weeks. Storage inventories are nearing maximum capacity only one month into the traditional injection season, and demand is proving lackluster in high-density population centers that the region typically relies upon to take gas.
AECO Has Room to Fall Amid Plump Storage, Weak Demand
Natural gas prices along the AECO forward curve — which already are showing signs of weakness further out the curve — could see near-month packages fall substantially in the coming weeks. Storage inventories are nearing maximum capacity only one month into the traditional injection season, and demand is proving lackluster in high-density population centers that the region typically relies upon to take gas.