Canadian Natural Gas May Rise as Cold Spreads Across the U.S.
Canadian natural-gas prices may rise as cold weather is forecast to spread across Canada and the U.S., boosting demand for the home-heating fuel.
Temperatures in Chicago, the biggest city in the largest consuming region for Canada's fuel exports, will drop to minus 6 degrees Fahrenheit (minus 21 Celsius) tonight, about 27 degrees below normal, according to Accuweather Inc. Temperatures in the U.S. Midwest will be about 16 degrees lower than normal through Feb. 20, MDA Federal's EarthSat said.
Spot gas at EnCana Corp.'s AECO C hub in Alberta, the nation's largest trading point, fell 2 cents to C$6.98 per gigajoule ($6.36 per million British thermal units) yesterday, according to data compiled by Bloomberg.
On Calgary-based Natural Gas Exchange Inc.'s NGX electronic energy market, spot gas at AECO rose 22.5 cents, or 3.4 percent, to C$6.91 per gigajoule.
Bloomberg
Temperatures in Chicago, the biggest city in the largest consuming region for Canada's fuel exports, will drop to minus 6 degrees Fahrenheit (minus 21 Celsius) tonight, about 27 degrees below normal, according to Accuweather Inc. Temperatures in the U.S. Midwest will be about 16 degrees lower than normal through Feb. 20, MDA Federal's EarthSat said.
Spot gas at EnCana Corp.'s AECO C hub in Alberta, the nation's largest trading point, fell 2 cents to C$6.98 per gigajoule ($6.36 per million British thermal units) yesterday, according to data compiled by Bloomberg.
On Calgary-based Natural Gas Exchange Inc.'s NGX electronic energy market, spot gas at AECO rose 22.5 cents, or 3.4 percent, to C$6.91 per gigajoule.
Bloomberg
posted by Ottawa Gas Prices | 6:48 AM
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