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Imports of Canadian natural gas gas into the US jumped in the past two months as freezing temperatures across much of the US caused a spike in consumption and a simultaneous drop in output. From just 4.6 Bcf/d in Octo..

11 Jan 2014

LONDON (Commodity Online): Strong Canadian natural gas imports have already contributed to filling in the US storage gap caused by extreme cold weather, and are likely to continue to do so throughout the winter this year, said London based Barclays in its recent weekly report.

“Our balances factor in a small year-on-year drop in Canadian imports for Q1 13, due to growing Northeast production increasingly displacing Canadian volumes. However, a weather-driven jump in US natural gas demand could prop up Canadian imports through the rest of the winter, and further help to narrow the ballooning storage gap (versus last year’s levels),” the bank added.

Imports of Canadian natural gas gas into the US jumped in the past two months as freezing temperatures across much of the US caused a spike in consumption and a simultaneous drop in output. From just 4.6 Bcf/d in October, net imports from Canada rose to 5.2 Bcf/d in November 2013 and to 6.4 Bcf/d in December 2013, according to pipeline postings. Canadian imports generally increase during the winter, but this jump is in clear contrast to the downward trend earlier in 2013.


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