With more than half of the United States under some form of winter weather advisory, data from IIR Energy show Canadian gas imports are near record highs and helping to address the surge in demand.
“Winter Storm Ferm is in full swing, driving significant volatility in the natural gas market over the weekend,” Maria Sanchez, a senior natural gas analyst at IIR Energy, wrote in the NATGAS Today report for Monday. “Arctic temperatures are pressuring supply through widespread freeze-offs while sharply increasing heating demand.”
