Move Over Canada, U.S. Shale Gas is Here to Stay

6 Jul 2016   Canada, Shale Gas

A Canadian Energy Research Institute survey has found that the country’s natural gas exports will continue to slide over the coming years, with their market share eaten up increasingly by the U.S. Canada’s southern neighbor is fast on track of becoming a net exporter of the commodity, with a saturated domestic market, which has been the main traditional destination of Canadian gas. CERI says that exports from Western Canada, the country’s most gas-rich region, which accounts for the bulk of exports, will gradually drop to a billion cubic ft per day in four years, pressured by low international and domestic gas prices resulting from oversupply. It won’t be until 2037 that daily export volumes will recover to three billion cubic ft. However, there is light at the end of the tunnel and it’s not from an oncoming as-powered train: Canada will continue to be a net […]

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