Natural gas storage in Canada’s most populous province of Ontario has recovered swiftly since late summer and now stands just 3 Bcf below last year and the five year average based on data in RBN’s Canadian NatGas Billboard. With a reading of 278 Bcf on October 21 (blue line and text in chart below), Ontario’s storage operators have closed the gap from a point in mid-August when storage was well below a year ago and just below the low end of the five-year range (green circle and text), by accelerating injection rates and pushing storage to just below last year (see our Analyst Insight of August 13).
Featured Articles
- Analyst Insight
Cold Start to Heating Season Sends Ontario Gas Storage Below Five-Year Average
Central Canada is off to its coldest start to the heating season in 25 years with high gas demand pulling gas storage well the the five-year range.
- Analyst Insight
Alberta Gas Storage at Record Levels on Eve of Heating Season
Alberta gas storage is at a record level for this time of year and should trend to a new record for the end of October and the start of the heating season
- Analyst Insight
Take Me Higher and Higher – Ontario Gas Power Burn at Records on Nuke Outages
Ontario's gas power burn has been running at record seasonal highs since late September due to a series of planned and unplanned outages at nuclear power plants.
