April 5, 2020 – CBC News
'There is some upside': Optimism in natural gas sector a result of oil industry's crisis
By Kyle Bakx
So far this year, natural gas in Western Canada has averaged about $2 per million British Thermal Units, although the price now sits at about $1.60.
Martin King, a Calgary-based commodities analyst with RBN Energy, expects the price to average about $1.90 for this year.
"For the summer and a good portion of the rest of the year, I think we could see respectable pricing for natural gas here in Canada and especially Western Canada," he said.
King said there is also plenty of storage space available north of the border.
"If we keep producing at a reasonable level and there is a pullback in demand or exports to the U.S., we do have a place to put the gas," he said.
Read the full article and view the video here: https://www.cbc.ca/news/business/natural-gas-oil-aeco-wcs-wti-1.5520910
