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Humber is buying from Shell, who just told us they are getting out the direct to consumer market. So I need a new supplier / marketer after this winter.
We tend to take on more risk than others, so we are not doing much hedging. I locked in transportation from AECO to Dawn at a fixed price, but am floating gas supply. This is based on watching the spot market price be much less than fixed for a while now, and I only need to get to April.
It’s all gamble, who knows what to do? But I am expecting our gas consumption to drop dramatically over the next few years as we decarbonize, so perhaps the end is in sight, for gas at least…….