Canadian gas prices are feeling upward pressure after several years in the doldrums
Western Canada’s gas revival
Midstream pipeline expansion and cautious operator spending is fuelling an uptick in prices
Western Canadian gas producers have for a long time been hammered by low prices. Rapidly rising gas production from the US Marcellus shale has competed for the mid-continent market since the middle of last decade, there has been a lack of regional pipeline capacity to ship rising Montney and Deep Basin production to major export points, and the Covid-19 pandemic temporarily cratered global gas consumption. But more recently, Western Canada’s gas producers have enjoyed a major rebound in regional prices. And the good times should continue to roll through the middle of this decade, according to Martin King, senior analyst with Houston-based consultancy RBN Energy. King forecasts that the spot
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