This is from October, so it is without this month's data, which is the last month of the injection season. It shows though, that AECO, with the support of the new TC protocol, will have a good widrawal season: "With another month of anemic storage injections in September, Alberta natural gas storage levels remain on track to start the next heating season at a 13-year low. Still, while Alberta gas storage has been lagging well behind in terms of average injection rates and storage levels for many months now, forward winter contract prices for the Western Canadian gas price benchmark of AECO have budged only a little. There is potential for an improvement in storage injection rates during October after a recent regulatory approval affecting the Alberta gas pipeline system, but there is little time remaining in the current injection season to make much of a difference in inventory levels going into winter.
When we last blogged about Alberta gas storage activity in mid-September, it was clear injections had been very slow in August. Now, with another full month of data, we know that the month of September was no better.
Cumulative injections last month totalled a miserly 3 Bcf — putting the month-ending storage level at 318 Bcf — one of the least impressive build-ups in supply for September since the turn of the century.
This has kept the cumulative injection for the current storage injection season (April through September) at a 20-year low and left Alberta storage levels at a 13-year low heading into October."