{"id":19293,"date":"2016-03-30T12:35:08","date_gmt":"2016-03-30T17:35:08","guid":{"rendered":"http:\/\/olduvai.ca\/?p=19293"},"modified":"2016-04-02T10:51:20","modified_gmt":"2016-04-02T15:51:20","slug":"is-a-gas-war-between-the-u-s-and-canada-about-to-start","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=19293","title":{"rendered":"Is A Gas War Between The U.S. And Canada About To Start?"},"content":{"rendered":"

Is A Gas War Between The U.S. And Canada About To Start?<\/a><\/h3>\n
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The United States and Canada work well together. The countries share the world\u2019s largest and most comprehensive trade relationship,\u00a0exchanging<\/a>\u00a0more than $2 billion per day in goods and services; the U.S. is Canada\u2019s largest foreign investor and Canada is the third-largest foreign investor in the U.S. The partnership clearly isn\u2019t broken, but it may need some mending as bilateral and international gas trade stands to complicate matters in short order.<\/p>\n

As with most current global natural gas issues, we must first look back to the shale gas revolution. In 2005 \u2013 just as hydraulic fracturing was finding its feet in the Barnett shale \u2013\u00a0piped<\/a>\u00a0supplies from Canada met nearly 17 percent of total U.S. natural gas\u00a0demand<\/a>. By year\u2019s end 2015 \u2013 with U.S. production some 50 percent higher \u2013 imports from Canada dipped below 10 percent of consumption.<\/p>\n

For Canadian producers, rising U.S. production is just one of a series of issues in what is a multifaceted and evolving problem: they struggle to compete. Of course, the resulting, and thus far persistent low prices are another. Canadian natural gas\u00a0deliverability<\/a>\u00a0has taken a large hit as prices have moved below the supply cost of most new natural gas developments. Total production\u00a0dipped<\/a>slightly in 2015, though Alberta and British Columbia (BC) provinces \u2013 the Montney and Duvernay shales \u2013 proved resilient.<\/p>\n

While non-core plays will continue to struggle, the\u00a0NGL<\/a>-rich and relatively low-cost gas from the Montney looks to drive a\u00a0rebound<\/a>\u00a0in 2016.\u00a0Led<\/a>\u00a0by Petronas (Progress Energy Canada), Canadian Natural Resources, ARC Resources, and Encana as well as smaller-cap producers like Painted Pony Petroleum, marketed production from Alberta and BC is projected to grow approximately 2 and 6 percent respectively this year. Across all provinces and territories, Canadian production is slated to rise nearly 2.5 percent, to just over 15.3 billion cubic feet per day (Bcf\/d).<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Is A Gas War Between The U.S. And Canada About To Start? The United States and Canada work well together. The countries share the world\u2019s largest and most comprehensive trade relationship,\u00a0exchanging\u00a0more than $2 billion per day in goods and services; the U.S. is Canada\u2019s largest foreign investor and Canada is the third-largest foreign investor in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[103,13178,13179,412,554,5332,805,3222,827],"class_list":["post-19293","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-canada","tag-colin-chilcoat","tag-gas-war","tag-hydraulic-fracturing","tag-natural-gas","tag-oilprice-com","tag-trade","tag-trade-war","tag-united-states"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19293"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19293\/revisions"}],"predecessor-version":[{"id":19294,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19293\/revisions\/19294"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}