Winter 2016 left an enormous surplus in North American storage sites. On February 26, stocks of natural gas stood at 510 billion cubic feet (Bcf) in Canada, for a surplus of 183 Bcf compared to the five year average. This situation is due to very mild temperatures in North America. On Gaz Métro territory, from November 2015 to February 2016, the number of heating degree days were on average 15% below the projected normal. Our customers were able to benefit from very low prices. The average of the Empress monthly index was $2.34/GJ from November to March, its lowest level since 1998. The financial markets forecast an Empress price of $1.70/GJ for April to October 2016.
The $109.7 million in distribution revenues represent 20% of Gaz Métro's total revenues. Revenues derived from heavy industry represent close to 66% of the revenues generated by our Major Industries customers.
Unique and available exclusively to our clientele, DATECH (Développement et Assistance Technologique ) Group is made up of engineers specializing in the energy field. For the last 20 years, Datech’s core mission has been to promote the adoption of the latest gas technologies and most energy efficient equipment with a view to enhancing the competitiveness of their users. DATECH Group consists of two complementary teams:
These two teams are made up of experts specializing in the needs of large businesses. To take advantage of DATECH’s services, do not hesitate to communicate with your Adviser, Major Industries Sales.