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A Westcoast Transmission pipeline explosion on October 9 cut imported natural gas supply from British Columbia, and repairs had not begun by mid-October. Cold fronts boosted downstream demand, and forward prices jumped across the West, Rockies and Southern California.
Northwest Sumas November prices rose near $2.00 to $5.699.
Lost Canadian supply tightened regional gas markets just as demand surged, pushing forward prices sharply higher. Western power and gas costs for processors and feedlots rise while the outage persists.
naturalgasintel.comLeticia GonzalesOct 18, 2018After 54 past bullish logistics events, Natural Gas moved a median -1.8% over 5 sessions (43% higher; middle half -5.7% to +6.2%), and +5.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
