Natural Gas in Canada: what are the options going forward?
Natural Gas in Canada: what are the options going forward? / Ieda Gomes. oxford Institute for Eenrgy Studies, Mays 2015, 74 p. (OIES paper ; NG 98)
Presentation (© OIES) :
With US shale gas dominating the headlines of the energy media for the past several years, Canadian gas has been somewhat overshadowed. While gas industry followers outside North America may have been aware of the reduction in Canadian gas exports to the US, they will likely have missed the complex interaction of lower cost US shale invading regional Canadian markets formerly domestically supplied. This situation has been further exacerbated as Canadian transportation tariffs have been raised to compensate for lower throughput. Ieda Gomes provides a comprehensive analysis of the dynamics of these and other key elements of Canada’s gas fundamentals and how they have, and will continue, to evolve.
The loss of Provincial and Federal tax and royalty take due to lowered exports, production growth and prices is also important and leads to an assessment of potential new market segments such as natural gas and LNG vehicles and Tar Sands sectors (currently impacted by low oil prices). This inevitably leads to the exploration of the obvious replacement for the lost pipeline export volumes, namely LNG exports… read more