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Keyera Corp T.KEY

Alternate Symbol(s):  KEYUF

Keyera Corp. operates an integrated Canadian energy infrastructure business with interconnected assets and expertise in delivering energy solutions. The Company's predominantly fee-for-service based business consists of natural gas gathering and processing; natural gas liquids processing, transportation, storage and marketing; iso-octane production and sales, and a condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Its segments include Gathering and Processing, Liquids Infrastructure and Marketing. Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products and separate the economic components, primarily natural gas liquids (NGLs). Liquids Infrastructure segment owns and operates a network of facilities for the gathering, processing, storage and transportation of the by-products of natural gas processing. Marketing segment is involved in the marketing of NGLs.


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Post by hawk35on Sep 03, 2021 10:16am
191 Views
Post# 33808831

Natural gas pricing continues to be strong into October

Natural gas pricing continues to be strong into October

09:36 AM EDT, 09/03/2021 (MT Newswires) -- Benchmark natural gas rose to the highest since mid-2014 early on Friday as 91% of Gulf of Mexico supplies remain shut in following last week's passage of Hurricane Ida through the gulf and a bullish storage report from the Energy Information Administration.

Gas for October delivery was last seen up US$0.04 to US$4.68 per million British thermal units, the highest since June, 2014.

The rise comes as about a two-billion cubic feet of gulf supply remains shut in following the Ida's passage, as producers continue to assess any damage to platforms. The drop in supply comes as demand remains solid even as the hottest part of the summer is past and demand for LNG for the European market remains high.

The EIA on Thursday reported U.S. gas inventories rose by 20-billion cubic feet last week, leaving supplies stored for winter use at 2.87-trillion cubic feet, 7.2% under the five-year average.

"What appears to be an extended GoM outage has not only crude and product markets feeling the pinch, but the Gulf gas market similarly, with recent production levels in the ~90bcfd range bolstering balances even as power generation demand trends lower seasonally from record total demand (not just for natural gas) in recent weeks," Tudor, Pickering & Holt said in a note.

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