Western Canada Gas Price Crisis

This is a Alberta news story, published by calgaryherald, that relates primarily to LNG Canada news.

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Alberta gas prices

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Alberta spot gas prices

calgaryherald

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Varcoe: Weak gas prices — dipping into negative territory — push some western Canadian producers to shut in output

Summary

Nutrition label

73% Informative

Alberta gas prices have been mired in a miserable slump this year , coming off warmer-than-normal winter weather last year .

Inventory levels in the region have been running close to maximum and industry experts wonder how much more capacity is available for putting additional gas into storage before the winter heating season arrives.

Alberta spot gas prices traded at just five cents on Sept. 27 and were stuck below $ 1 per gigajoule between July and last week .

LNG Canada said it remains on track to deliver its first LNG cargoes by the middle of next year .

Short-term solution for companies may be to hunker down and wait for colder winter weather to drive more consumption.

A report released Tuesday by the U.S. Energy Information Administration projected benchmark gas prices south of the border will increase next year and average US$ 3.10 per million British thermal units.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful