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