Canadian Natural Gas Rises on Tighter Supply and Warm U.S. West
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Canadian natural gas for rose for a second day on tighter supplies and forecasts of higher cooling demand in the U.S. West that would spur the need for the fuel to power air-conditioners.
Alberta gas for August delivery increased 0.25 cent to C$3.57 per gigajoule ($3.55 per million British thermal units) as of 3:10 p.m. New York time, according to NGX, a Canadian Internet market. July gas fell 1 cent to C$3.58. Gas traded on the exchange goes to users in Canada and the U.S. and is priced on TransCanada Corp.’s Alberta system.