Canadian natural gas prices, US demand down: industry in flux
Friday, January 27, 2012 at 06:40PM The US could be a net exporter of LNG by 2015. Canada. The Conference Board of Canada says Canada's natural gas industry could be in for a tough few years as it shifts the export lines from south to west (i.e. to Asia).
Canada’s exports of natural gas to the United States are down, and prices for the commodity are also down, making the future of the industry less bright than previously. With the cost of Canadian natural gas nearly 40 per cent lower than a year ago, fewer wells will be drilled in this country. The Petroleum Services Association of Canada, which represents Canada’s energy service companies, reduced its forecast for new drilling in Canada by 11 per cent.


















