Natural Gas

What moves it

• United States weather — heating and cooling degree days — which dominates short-term moves.
• LNG export capacity coming online, which is the structural demand story.
• Storage injections and withdrawals reported weekly.

The Canadian angle

Canadian gas prices at AECO, which trades at a discount to Henry Hub on pipeline egress. LNG Canada's start-up narrows the historical basis, which is why Henry Hub alone understates the change for Canadian producers.