Heat Wave Canada
July 18, 2011 by staff
Heat Wave Canada, Canadian natural gas rose on forecasts that a heat wave in the Midwest spread to the east, growing demand for fuel in power plants. Gas prices in Canada, which often follow their U.S. counterparts in the New York Mercantile Exchange, gained 1.2 percent in the U.S. The National Weather Service said a “dangerous heat wave” in the U.S. now would expand the center, which “hot spots” in the middle region of the South Atlantic until the end of next week.
Alberta gas for August delivery gained 4.25 cents to C $ 3.645 per gigajoule (and 3.60 per million British thermal units) from noon New York time, according to NGX, an Internet market Canada. September gas rose 3.75 cents to C $ 3,635. Gas is traded with users in Canada and the U.S. and is priced at TransCanada Corp. (TRP) ‘s system of Alberta.
Natural gas in New York advanced 2.8 cents, or 0.6 percent, to 4574 per million BTU and from 24:10
Cooling demand in New York will be 42 percent more than normal until at least July 25, said weather derivatives, based in Belton, Missouri. Power plants use 30 percent of U.S. gas supplies according to the Department of Energy.
Registration in Indianapolis today can reach 90 degrees Celsius, four degrees above normal, according to AccuWeather Inc., State College, Pennsylvania.
Volume on the TransCanada Alberta system, which includes the departure of most of the gas wells in the nation, was 15.58 billion cubic feet as of 10:30 am in New York.
Gas flowed at a daily rate of 2.71 million cubic feet at Empress, Alberta, where the fuel is transferred to the main line of TransCanada.
In McNeil, Saskatchewan, where the gas is transferred to the Northern Border pipeline for shipment to the Chicago area, the daily flow of 1.1 cubic feet.
Available capacity in the British system of TransCanada Kingsgate Columbia was 1.04 million cubic feet. The system was expected to carry 1.72 billion cubic feet per day, about 62 percent of its capacity of 2.76 million.
Gas in the Alliance pipeline delivery point near Chicago rose 9.6 cents to $ 4.5556 per million BTU and 15 July at the Intercontinental Exchange. Alliance is an express line that can carry 1.5 billion cubic feet per day to the central region of western Canada.
At the point of Kingsgate on the border of Idaho and British Columbia Gas 4.42 cents to 4.1174 obtained y.
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