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8 comments on The Round-Up: March 15th 2007

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jkissing on March 15, 2007 - 4:09pm Permalink | Subthread | Comments top

Does anybody want to speculate on how much ng will be produced in canada this year, how much will be consumed, and how much will be exported to the US?
My own view is exports will be down 1tcf.

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Stoneleigh on March 15, 2007 - 6:27pm Permalink | Subthread | Parent | Comments top

I headlined this story on December 29th:

Canada gas exports to US could plunge (link no longer possible)

Canadian natural gas exports to the United States could post the largest drop in a generation in 2007, an analyst says, as exploration cuts reduce supply and home-grown demand to fuel oil sands output booms.

Martin King, who follows energy commodities at FirstEnergy Capital, a Calgary investment bank, expects exports to fall by up to a billion cubic feet a day next year, down about 10 percent from current shipments around 10 billion cubic feet a day.

"The supply picture is looking rather negative," King said. "You have to go back to 1984 to see a (similar) downward trend."

King speculated the cut in exportable gas will come on both the supply and demand side.

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