Western Canada’s propane inventories at the end of June (red line and text in left hand chart below) were posted at 3.9 MMbbl, with a well below average build of 0.4 MMbbl versus May and stand 1.5 MMbbl (-28%) below the five-year average (blue line) according to data from the Canada Energy Regulator (CER). A series of factors appear to have come into focus in recent months including increased propane demand in Alberta (+15 Mb/d year-to-date versus 2024), increased exports from Alberta to other parts of Canada, the U.S. and overseas, and what was likely reduced production in June due to gas plant maintenance. The increase in Alberta demand is partly related to increased propane intake at Brookfield’s PDH-PP (Propane De-hydrogenation Polypropylene) plant in Fort Saskatchewan. Inventories are still partly recovering from strong drawdowns during January and February when colder-than-average temperatures affected most of North America.
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- Analyst Insight
Canadian LPG Stocks – Propane Inventories Still Tight; Butane Remains Plentiful
Canadian propane stocks are still seasonally low while butane stocks are the opposite and well above average for this time of year.
- Analyst Insight
Canadian LPG Stocks – Propane Stocks Still Tight; Butane Stocks Plentiful
Canada's propane stocks remain tight as more heads to overseas exports; butane stocks remain plentiful.
- Analyst Insight
Canadian LPG Stocks – Propane Inventories Still Tight; Butane Seasonally Plentiful
Canada's propane stocks remain very tight in both halves of the nation; butane stocks, on the other hand are plentiful for this time of year.
