Gas in U.S. Less Than Canada Means Import Slide: Energy Markets

U.S. natural gas has dropped to its cheapest level in 11 months relative to Canadian supplies as production surges, threatening a slump in imports from the nation’s northern neighbor.

Benchmark prices at the Henry Hub in Louisiana were 5 cents below gas at AECO in Alberta, Canada’s largest hub, on Nov. 8, the biggest discount since Dec. 11, according to data compiled by Bloomberg. It was $1 higher than AECO gas as recently as July and August and has been an average of 85 cents more expensive than the Canadian benchmark price for the past 10 years.