Discover and read the best of Twitter Threads about #AECO
Most recents (2)
NYMEX natural gas prices have recently slumped, but could this reverse? The U.S. has relied on ~5.5 bcf/d of 'cheap' Canadian natgas imports but that may soon end
With W. CDN natgas storage at record lows now (only 64% full), the AECO / NYMEX diff is nearly gone.
A thread:
With W. CDN natgas storage at record lows now (only 64% full), the AECO / NYMEX diff is nearly gone.
A thread:
2/ AECO prices are now C$6.85/mcf (to incentivize natural gas to stay in Canada). Previously, when W. CDN storage levels were this low (2019), we saw very little CDN natural gas exports. We likely begin to see a drop in exports, that should be bullish for NYMEX natgas pricing
Could we see a NYMEX natural gas price spike this winter? The U.S. just might not be able to rely on 'cheap' Canada natgas imports w/ western CDN storage near record lows (at only 71% full).
A thread on CDN natural gas dynamics #AECO #oilandgas #LNG #alberta
A thread on CDN natural gas dynamics #AECO #oilandgas #LNG #alberta
A number of issues why CDN natgas storage is low, but we've already begun to see a reversal, with AECO difs improving dramatically over the last week (now at US$2.50/mcf). Last time storage was at current levels, the differential went on to reach $0.50/mcf a year later; 2/ #NYMEX
Despite CDN natural gas producing at record levels (17.2 bcf/d and ~1 bcf/d higher than last year), maintenance issues and other factors have yet to contribute to higher CDN natgas storage levels; /3
