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Canadian gas producers are selling gas to US LNG exporters because Canadian LNG projects are absent. An Advantage Oil and Gas executive expects more Canadian gas to flow south.
One producer said Canadian gas is bought at C$2.50 and resold to Mexico at US$3.50.
Growing Canadian gas exports into US LNG chains integrate North American gas pricing and tighten supply for domestic users. The effect on feed-related prices is modest.
financialpost.comGeoffrey MorganMay 12, 2017After 17 past neutral trade events, Natural Gas moved a median -0.6% over 5 sessions (47% higher; middle half -4.7% to +1.5%), and -4.3% 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.
