On the eve of Canada’s first LNG export facility starting up, future growth is anything but certain – Financial Post

Nov 18, 2024

LNG Canada is expected to boost gas exports by 20%, promising producers relief from the worst price slump in years, but political uncertainty, net zero rules and infrastructure constraints could conspire to thwart the nascent industry

Business has been tough for a while now if your business is selling Canadian natural gas in North America.

Producers in Western Canada this summer endured the worst price slump in five years as a combination of warm weather and high storage volumes oversupplied the market, pushing AECO prices (the Canadian benchmark price for natural gas) below $1 per gigajoule during the shoulder season and spot prices into negative territory in August and September.

Read More: https://financialpost.com/feature/lng-canada-start-shipping-2025-but-growth-uncertain