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Niska Gas sees demand up due to lower costs

Simon Dupéré, president and CEO said, "Since the end of Fiscal 2011, we have seen continued weakness in seasonal storage spreads and low volatility. However, we are now seeing demand increase due to the low cost and ample supply of North American natural gas. In addition, Western Canada, where one of our major storage assets is located, continues to be a key source of natural gas for major North American markets. We believe that demand for natural gas will continue to grow, and that storage will be required to balance a larger market, which could lead to future improvement in market conditions."