The Canadian spot market for natural gas prices fell for a second day on Thursday, September 27, 2007 as storage volumes remained near record highs and forecasts called for mild temperatures in major markets reported Reuters newswire from Calgary, Alberta Canada.
The natural gas spot market at the AECO storage hub in southeastern Alberta sank 28 cents to average $4.77 a gigajoule after dipping 5 Canadian cents on Wednesday. 1 gigajoule is equal to 947,817.12 BTUs.
Natural gas exchanges ranged between C$4.69 and C$4.85 a Gigajoule and were last at C$4.80, according to the NGX electronic exchange.
The spot markets viewed Thursday's natural gas storage injection numbers as neutral.
The U.S. Energy Information Administration said natural gas stocks in the United States rose 74 billion cubic feet the week ended September 21, 1 billion cubic feet higher than a Reuters survey estimate.
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