The Canadian Energy Research Institute (CERI) recently released the “Canadian Natural Gas Market Review” (full copy of the 159-page report embedded below). The study looks at the future of Canada’s natural gas upstream (i.e. drilling) industry, taking into consideration the history of the industry, changing market dynamics due to the advancements in horizontal drilling and hydraulic fracturing technology, the recent drop in oil and natural gas prices, and policy developments (i.e. government interference). In the Executive Summary, which we include immediately below, you’ll read that the Canadians have a lot to say about the Marcellus Shale. Canada is importing more natgas than ever–because of cheap, abundant, clean-burning Marcellus Shale gas in the northeast. The report also comments on Canada’s chances of becoming a big exporter of gas via LNG. Canada can, theoretically, increase its own natgas production by 65% over the next 20 years–but only if a number of planned LNG export facilities go online to provide a market for all of that gas…
The Canadian Energy Research Institute (CERI) recently released the “Canadian Natural Gas Market Review” (full copy of the 159-page report embedded below). The study looks at the future of Canada’s natural gas upstream (i.e. drilling) industry, taking into consideration the history of the industry, changing market dynamics due to the advancements in horizontal drilling and hydraulic fracturing technology, the recent drop in oil and natural gas prices, and policy developments (i.e. government interference). In the Executive Summary, which we include immediately below, you’ll read that the Canadians have a lot to say about the Marcellus Shale. Canada is importing more natgas than ever–because of cheap, abundant, clean-burning Marcellus Shale gas in the northeast. The report also comments on Canada’s chances of becoming a big exporter of gas via LNG. Canada can, theoretically, increase its own natgas production by 65% over the next 20 years–but only if a number of planned LNG export facilities go online to provide a market for all of that gas…