Friday, August 21, 2015

Canadian underground propane inventories in July climbed 8.5% to post a month-over-month gain of
116.1 Mcm, according to the National Energy Board (NEB). As of Aug. 1, stocks stood at 1484.7 Mcm, the
equivalent of 9.4 MMbbl. Compared to a year earlier, volumes were higher by 1.8%, or 25.7 Mcm.

Propane storages in the West advanced 4.4% in July, increasing 34.1 Mcm to end the month at 806.0
Mcm, or 5.1 MMbbl. Compared to the previous year, inventories were up 1.3%, or 10.1 Mcm. In the East,
stocks grew a steeper 13.7%, or by 82.0 Mcm, and entered August at 678.7 Mcm, or 4.3 MMbbl. Compared to
the prior year, eastern supplies were 2.4%, or 15.6 Mcm, higher.

Canadian butane inventories ended July at 873.3 Mcm, with volumes increasing 7.3%, or 59.2 Mcm,
over the month. A year-over-year comparison shows butane in storage standing 2.8%, or 23.9 Mcm, higher.
Western stockpiles added 27.3 Mcm, a 5.9% improvement, while eastern supplies jumped 31.9 Mcm for a 9.2%
gain. Compared to Aug. 1, 2014, butane in the west was up 46.6 Mcm for a 10.4% annual increase, while eastern
storages were in negative territory, holding 22.7 Mcm, or 5.6%, fewer volumes.