Thursday, October 17, 2024
Canadian natural gas firms eager for LNG boom swamp market with excess supply- oil and gas 360

Canadian natural gas firms eager for LNG boom swamp market with excess supply

(BOE Report) – A huge liquefied natural gas export terminal led by Shell, called LNG Canada, may struggle to dramatically raise Canadian natural gas prices when it starts operating next year because a flood of pent-up supply is waiting to hit the market, analysts said. Gas prices at Alberta’s AECO hub hit a two-year low of 5 Canadian cents per million

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