◂ Event Timeline

Jun 1, 2016TRADEUS

Price favours Canadian gas flows into western US

A gas price differential between Northwest Sumas in Washington and AECO in Alberta is drawing Canadian gas into the western US. Summer US gas-to-power demand is expected to absorb some of the glut in the Canadian market.

WHY IT MATTERS

Cross-border flows into the western US ease the Canadian oversupply, which modestly supports NATGAS prices in the region.

AFFECTSNATGAS▲

SOURCE
interfaxenergy.comAbhishek KumarJun 1, 2016

Price reaction & history

NATGAS▲bullishSO FAR1d +5.1%5d +8.8%20d +31.8%

After 59 past bullish trade events, NATGAS moved a median +1.3% over 5 sessions (61% higher; middle half -2.7% to +10.6%), and +8.0% over 20.

May 3, 2024US stands to lose Canadian natural gas when LNG Canada terminal starts up | Reuters+17.6%
Apr 13, 2021Analysis: Greece sees LNG imports drop in Q1 as Azeri pipeline flows begin | S&P Global+8.7%
Nov 3, 2017LNG prices soar as China faces winter gas crunch | LNG Industry+13.7%
Jan 28, 2022Natural Gas Prices Surge Higher on LNG Flows+1.4%
Nov 24, 2020Henry Hub gas prices have gone global | Wood Mackenzie+17.3%

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.

NATGAS · GP ▸

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