A winter’s tale: heating season extremes in North American gas
The natural gas storage situation in North America has fluctuated wildly this winter, quickly moving from a surplus to a growing deficit in the US. Meanwhile, Canada’s inventories have teetered near historical lows all winter. In response, key hubs throughout the US and Canada are maintaining prices not seen since 2008, the early days of the US shale boom, as Henry Hub forwards recently posted record-high daily gains.
US natural gas writer Brandon Evans sits down with Platts Analytics’ energy analysts Richard Frey and Eric Brooks to discuss the state of gas storage and exports in Canada and the Lower 48, as well as the outlook for the rest of heating season.