This winter is expected to be cold in the US and Canada, helping to reduce the gas glut in North America.
The 2016-2017 gas withdrawal season is well under way in the US and Canada, and combined with a cold start to the winter this is reducing the region’s gas glut. The US had 107.71 bcm of gas in storage for the week ending 9 December, a fall of 1.3% on an annual basis but 5.1% higher than the five-year average. Meanwhile, Canada had 20.12 bcm of gas in stock for the week, which was 92.3% of capacity and an increase of 5.7% on an annual basis.
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