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2016-04-27 20:35:00

CANADA'S GAS PRODUCTION WILL UP

CANADA'S GAS PRODUCTION WILL UP

 

CANADA GAS PRODUCTION,CONSUMPTION,EXPORTS 2005 - 2025

 

In its recent publication, Canada's Energy Future (CEF), Canada's National Energy Board (NEB) projects that both Canada's natural gas production and its domestic natural gas consumption will increase through the next decade. Exports of natural gas by pipeline to the United States are expected to continue to decline. The planned construction of liquefied natural gas (LNG) export terminals on Canada's western coast, which would send LNG exports to Asian markets by 2019, plays a key role in maintaining Canada's overall natural gas exports.

Highlights from Canada's outlook include:

Net natural gas exports to the United States. The NEB expects that Canadian natural gas net exports to the United States will fall to 2.5 billion cubic feet per day (Bcf/d) by 2025, shrinking to a negligible volume by 2040. Net exports to the United States have already decreased from a high of 10.6 Bcf/d in 2007 to 7.4 Bcf/d in 2014. With the continued development of U.S. shale resources, such as the Marcellus, the United States now relies less on Canadian imports to meet demand. By 2040, CEF projects that U.S. natural gas exports to eastern Canada will largely offset Canadian natural gas exports to the United States.

Liquefied natural gas exports to other destinations. With the decline of natural gas exports to the United States, LNG exports are expected to be the primary driver of Canadian natural gas production growth, with production growing from 15 Bcf/d in 2015 to nearly 18 Bcf/d in 2025. The NEB analyzes two additional cases in CEF to explore the impact of LNG exports on production. In a low-LNG case, where no liquefaction facilities are constructed, production remains at the 2015 level of 15 Bcf/d through 2040. In a high-LNG case, where LNG exports reach 4.0 Bcf/d by 2023 and 6.0 Bcf/d by 2030, production increases to 22 Bcf/d by 2040. Based on these results, CEF anticipates that future Canadian natural gas production growth will rely on the construction of LNG export capacity.

Natural gas production. Recent technological advances in horizontal drilling and hydraulic fracturing have led to increased development of tight gas and shale gas resources in the Western Canadian Sedimentary Basin. CEF expects this development to continue as Canada's domestic natural gas production grows to nearly 18 Bcf/d by 2025. Tight natural gas accounts for 70% of projected production in 2025, and most of this natural gas is from the Montney formation in British Columbia and Alberta, where production is projected to triple from 3.0 Bcf/d to 9.6 Bcf/d between 2014 and 2040. Production growth also occurs in the Alberta Deep Basin (tight) and the Horn River Basin (shale). These increases offset the decline in production from other resources.

 

CANADA GAS PRODUCTION 2005 - 2025

 

Domestic natural gas consumption. Canadian natural gas consumption is also projected to rise, reaching 16.4 Bcf/d by 2025 and 18.6 Bcf/d by 2040. The industrial sector, which includes refining and oil exploration, is the primary driver of this growth, as well as the largest consumer of natural gas. Oil sands operations alone currently account for 20% of Canadian natural gas consumption. By 2040, CEF expects oil sands production to more than double to 4.8 million barrels per day, consuming 3.4 Bcf/d of natural gas. Another source of natural gas demand growth is electricity generation, whose consumption rises to more than 3.2 Bcf/d by the end of the projection period.

eia.gov

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More: 

U.S. RIGS DOWN 9 

CANADA INVESTMENT DOWN 62% 

CANADA WILL LOSE 

CANADIAN OIL UP 

CANADIAN OIL INVESTMENTS DOWN

 

 

 

 

Tags: CANADA, GAS, PRODUCTION, CONSUMPTION

Chronicle:

CANADA'S GAS PRODUCTION WILL UP
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BANGLADESH'S NEW ENERGY

PLATTS - Bangladesh is planning to step up efforts to liberalize its gas and LNG sectors from 2019 in order to boost private investment and enhance energy security, a move that would likely increase domestic downstream competition and affect the competitiveness of existing oil-linked LNG supply contracts.

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NOVATEK PRODUCTION +6.9%

NOVATEK - In 2018, NOVATEK’s hydrocarbon production totaled 548.4 million barrels of oil equivalent (boe), including 68.81 billion cubic meters (bcm) of natural gas and 11,800 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 35.1 million boe, or by 6.9% as compared with the twelve months 2017.

CANADA'S GAS PRODUCTION WILL UP
2019, January, 16, 11:40:00

OIL PRICE: ABOVE $60

REUTERS - International Brent crude oil futures LCOc1 were at $60.68 per barrel at 0703 GMT, 4 cents above their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 2 cents from their last settlement, at $52.13 a barrel.

CANADA'S GAS PRODUCTION WILL UP
2019, January, 16, 11:35:00

GERMANY PROTECTS EUROPE

REUTERS - Germany will try to protect German and European companies from some potentially “massive collateral damage” if Washington levies further sanctions against Russia, Foreign Minister Heiko Maas said.

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