PIRA Report Says Canadian Natural Gas Exports to U.S. Likely to Increase
Natural gas exports from Canada to the U.S are likely to increase year-on-year unless Canadian balances tighten, said a report by PIRA Energy Group. In April, U.S. gas imports from Canada increased slightly month-on-month, despite seasonally weaker demand. Imports were…
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lower year-on-year, but the year-on-year deficit narrowed from March, PIRA said. Additional increases in Canadian exports to the U.S. seem almost assured in 2Q12, given the lack of progress in reducing the Canadian storage surplus, the report said.