Western Canada saw large drops in LPG inventories in September, especially butanes, according to data released by the Canadian Energy Regulator on October 15. Butanes inventories in Western and Eastern Canada, and propane inventories in Eastern Canada, are below normal for this time of year, while Western Canada propane inventories are near normal for this time of year.
Western Canadian propane inventories fell by 889 Mbbl month-over-month, to exit September at 6.92 MMbbl, or about 1% below the prior five year average for September (see left chart below), after exiting August above the prior five-year August high. In Eastern Canada, stocks gained 281 Mbbl month-over-month, but remain near prior five-year seasonal lows, exiting September at 3.1 MMbbl (right chart below).
