Canadian gas storage nears capacity

摘要

Like the US, Canadian storage of natural gas may reach capacity before the injection season ends. "The Canadian natural gas industry is facing a significant problem going forward to the start of the next heating season in November," First Energy Capital analyst Martin King said in July, predicting that western Canada storage facilities could effectively be full by end-August.rnFacilities in that region were already more than 88% full by end-June at 431 Bcf. Both Alberta and British Columbia are holding gas at record levels for this time of year: 333.2 Bcf (nearly 93% full) and 68.2 Bcf (more than 81% full), respectively, King said. He estimated that western Canada storage "will reach effective full limits around 489 Bcf by early to mid-August or sooner." As such, producers must increase their exports to the US, shut in production, or both, he said.