Natural gas sold at negative prices on TransCanada’s Alberta System
The average spot price for deliveries at Western Canada’s AECO C price point declined to US -$0.01 per million British thermal unit (MMBtu) on Friday, May 4, according to price data from Natural Gas Intelligence (NGI). AECO C is a virtual trading point that includes all trades on TransCanada’s Alberta pipeline system (also known as the NOVA system). The pipeline system transports natural gas produced in Alberta and British Columbia to demand markets in eastern Canada and the United States.
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