Stayin' Alive - Alberta's Gas Use Is Rising, But Will That Be Enough to Save Producers?
Natural gas producers in the Canadian province of Alberta have had a heck of a time in recent years. Marcellus/Utica gas production has flooded markets in eastern Canada and the U.S. Northeast and Midwest, squeezing out Alberta gas in the process. Also, Alberta gas producers’ dreams of piping gas west to the British Columbia coast for export to Asia as LNG have been thwarted. Lucky for them, though, gas demand within Alberta is on the rise, thanks to increasing use of gas in the oil sands and a decision by the province’s largest power generator to shift from coal- to gas-fired generation and renewables. Today we update gas output and consumption trends in Canada’s Energy Province.