Natgas futures downdraft today

[k1f]

The mkt is still not seeing tightness ahead in natgas.

http://www.cmegroup.com/trading/energy/ ... l-gas.html

[dan_s]

Wall Street will turn it attention to ngas after Labor Day.

[dan_s]

New IEA report on growing demand for natural gas: In it, massive worldwide demand for natural gas is profiled. The report, Gas 2017, contains useful nuggets for energy-rich Canada. The release is particularly timely, given the sudden cancellation of Petronas’ planned $36-billion liquefied natural gas (LNG) export terminal in British Columbia. It’s another painful lesson on why Canada cannot take energy sector investment and high-paying jobs for granted, as if investment in Canada was somehow guaranteed. The IEA report illustrates why Canadians should favour extracting, processing and exporting natural gas. Demand is growing south of the border, in the U.S. as well as Mexico, and also in the developing Asian countries. Those are potential export markets beyond current Canadian exports to the U.S., if our own domestic reluctance can be overcome. The IEA report looks out to 2022 and unintentionally finds a number of bright spots for Canada, which is rich in natural resources, including natural gas.

http://www.ottawacitizen.com/opinion/op ... story.html