NATURAL GAS / Canada
Canadian Spot Natural Gas Prices Recover In Alberta
CALGARY, Oct 28 - Canadian spot natural gas prices were volatile
Wednesday as Alberta prices recovered, but others fell on high storage
levels, industry sources said.
Prices at Alberta's AECO storage hub recovered by an average 47 cents
per gigajoule to C$2.03/2.08 per GJ on the day, as supply dropped back
from Monday and Tuesday.
The November contract traded at $C2.54 per GJ, off about 12 cents from
Tuesday.
''Until we get some cold weather, AECO's going to stay right about
where it is now,'' one Calgary-based marketer said.
AECO is still down about 50 cents from Monday trade.
At Westcoast Energy's Station 2 compressor, prices tracked up with
AECO to C$2.11/2.16, about 50 cents higher than Tuesday.
Prices at the Sumas/Huntingdon export point were down slightly on the
day at US$1.62/1.67 per million British thermal units.
Meanwhile, Kingsgate recovered to US$1.52/1.57 per mmBtu, up about 12
cents.
But high storage levels in the United States stranded some supply in
the east, one marketer said, as the NYMEX benchmark price fell about
10 cents on Wednesday.
Trade at the Niagara export point was discussed at US$1.69/1.74 per
mmBtu, down twenty cents from yesterday.
Toronto city-gate was quoted at US$1.68/1.73, off 17 cents from
Tuesday trade.
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Canadian Ppot Natural Gas Export Prices - October 28
EXPORT (OCT SALES) $CDN/GJ $US/MMBTU
HUNTINGDON B.C. 2.29/2.37 1.60/1.65
KINGSGATE B.C. (TO PNW) 2.18/2.25 1.52/1.57
MONCHY SASK 1.76/1.84 N 1.23/1.28 N
EMERSON MAN 2.15/2.22 1.50/1.55
NIAGARA ONT 2.42/2.50 1.69/1.74
Canada/U.S. dollar conversion based on Bank of Canada rate.
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Canadian Spot Natural Gas Domestic Prices - October 28
DOMESTIC (OCT SALES) $CDN/GJ $US/MMBTU
ALBERTA PLANT-GATE 1.91/1.96 1.33/1.37
ALBERTA BORDER - EMPRESS 2.07/2.12 1.44/1.48
STATION 2, B.C. 2.11/2.16 1.47/1.51
SASK. PLANT-GATE 1.91/1.96 1.33/1.37
TORONTO CITY-GATE 2.41/2.48 1.68/1.73
1-YR PCKGS - EMPRESS 2.72/2.77 1.90/1.93
AECO 2.03/2.08 1.42/1.45
N=notional. One yr package beginning November 1.
Canada/U.S. dollar conversion based on Bank of Canada noon rate.
One year packages converted to U.S. dollars at a 12-month forward rate.
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