# It’s so cold in Alberta natural gas wells are freezing up,  sending prices soaring 72% | Financial Post

> Extreme cold across Alberta and much of Canada pushed AECO natural gas prices up 72 percent, from C$2.50 to C$4.30 per mcf, between Christmas and New Year. Freeze-offs shut some wells, limiting supply while demand surged.

- Date: 2018-01-02 · published 2018-01-02T12:00:00.000Z
- Category: weather · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/4676-it-s-so-cold-in-alberta-natural-gas-wells-are-freezing-up-sending-prices
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Freeze-offs cut regional supply just as demand rose, lifting Canadian gas prices, though analysts expect the gain to be short-lived unless cold lasts for months.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-01-03 | [U.S. natural gas prices rise as cold freezes wells \| Reuters](https://feedsoft.ai/events/43321-u-s-natural-gas-prices-rise-as-cold-freezes-wells-reuters.md) | +2.6% | +37.9% |
| NATGAS | 2022-09-28 | [U.S. natgas up 3% as contract expires, global prices surge \| Financial Post](https://feedsoft.ai/events/39772-u-s-natgas-up-3-as-contract-expires-global-prices-surge-financial-post.md) | -9.8% | -20.1% |
| NATGAS | 2022-12-15 | [U.S. natgas jumps 7% as LNG exports rise, some wells shut due to cold \| Financial Post](https://feedsoft.ai/events/11506-u-s-natgas-jumps-7-as-lng-exports-rise-some-wells-shut-due-to-cold-financial.md) | -11.8% | -47.2% |
| NATGAS | 2022-02-02 | [U.S. Natural Gas Skyrockets as Market Awaits Freeze-Offs \| Financial Post](https://feedsoft.ai/events/9224-u-s-natural-gas-skyrockets-as-market-awaits-freeze-offs-financial-post.md) | -16.0% | -7.5% |
| NATGAS | 2021-10-25 | [U.S. natural gas prices soar 10% as cold winter forecasts develop](https://feedsoft.ai/events/11757-u-s-natural-gas-prices-soar-10-as-cold-winter-forecasts-develop.md) | +5.2% | -4.0% |

## Sources

- financialpost.com: https://financialpost.com/commodities/a-very-very-short-lived-rally-alberta-natural-gas-prices-soar-72-as-wells-freeze-cutting-off-supplies

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.