Canada exports to US on Great Lakes likely to average 10-year high this summer

摘要

Higher year-over-year contracted export capacity on Great Lakes Gas Transmission pipeline combined with lower natural gas injections in Alberta looks likely to boost AECO hub prices during the summer and into winter. Data confirms Great Lakes is heavily contracted for exports this summer. The pipeline links Western Canada’s natural gas basins to population centers in the US Upper Midwest. Additional contracts were signed between Q1 2021’s Index of Customer data release and the latest Q2 release. There are now 1.75 Bcf/d of contracts to export from Western Canada to the US Midwest on Great Lakes through April, and 1.72 Bcf/d contracted for the remainder of summer once a relatively small contract rolls off at the end of the month.