NYMEX gas futures sold off this afternoon, the August front month settling at $3.34 US/mm, 7 cents less than yesterday’s settlement. The overall story in the US seems to be that while temperatures are expected to remain warmer than normal, storage is filling up at a comfortable rate and that month production numbers increased to 106.8 Bcf/d so far in July.

On the Western Canadian side, LNG Canada has been receiving feed gas in brief spurts throughout the year, but since its first shipments, its receipts have been constant and steadily increasing. Gas to this plant will be flowing west on the NGTL, the Coastal GasLink (via Westcoast Pipeline), or through other paths in BC. AECO pricing may start to feel the influence of this increased demand at their market overtime.