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
Also in this section
24 October 2024
Producers in the region see significant gains to be made by boosting output using the infrastructure already in place
23 October 2024
Markets have seen no material disruption from the war so far, but as the fighting goes on it is a matter of when, not if
23 October 2024
Majors in the region are pushing boundaries and could see significant upside, but longer-term risks remain
22 October 2024
Angola is unlikely to meet the official timeline for an IPO of state-owned oil giant Sonangol in 2026