Western Canada’s natural gas inventory remains on track to end this winter at its lowest level recorded in at least seven years, prompting shortage concerns and possible price spikes. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Western Canada storage sits at 296 Bcf as of Jan. 24, according to data by S&P Global Platts Analytics. This is 24% below the five-year average of 386 Bcf as colder-than-normal temperatures are predicted for the remainder of winter in the region. However, the East Gate point on the NGTL pipeline system is currently scheduled to have considerably more room coming summer which should help support AECO pricing and help storage refill, possibly staving off a concerning shortage, according to Platts Analytics. The East Gate is scheduled to have an average of 5.3 Bcf/d in summer 2022, up from 4.67 Bcf/d in summer 2021. This extra 500 MMcf/d […]