The cash price of Western Canada’s natural gas price marker of AECO has been decimated in July 2025, despite strong natural gas pricing elsewhere in North America and LNG exports off Canada’s west coast. As detailed in RBN’s Canadian NatGas Billboard, the average cash price for AECO is a mere C$0.76/GJ ($0.55/MMBtu) in July (red column and text in chart below), lower than C$0.92/GJ one year ago (black column and text) and the same value recorded in 1992 (green column and text), and is the lowest average cash price for the month in the era of deregulated natural gas prices (beginning November 1985). It is also the fourth lowest monthly average price when considering all months since 1985.
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