Economic and political issues in international gas trade: a Canadian view

Journal Article · · J. Energy Dev.; (United States)

OSTI ID:5143259

Lyman, R

This article discusses the role of natural gas in the Canadian National Energy Program, whose goal is to promote oil self-sufficiency. Topics considered include the natural gas export policy, Canadian-US natural gas trade, and future Canadian-US gas trade. There are approximately 77 trillion cubic feet of remaining established reserves of gas in conventional areas, according to current estimates. The Canadian government announced in 1980 that a major goal of its national energy policy would be the early reduction of oil imports and the attainment by 1990 of sustainable oil self-sufficiency. In 1980, an understanding was reached between Canada and the US which formalized the substitution value concept and endorsed the competitive position of Canadian gas in US markets. The concept of substitution value suggests that the main criterion for determining the appropriate selling price for Canadian gas in export markets is the cost of displacing imported crude oil in Eastern Canada with Canadian natural gas.

• Research Organization: Canadian Dept. of Energy
• OSTI ID: 5143259
• Journal Information: J. Energy Dev.; (United States), Journal Name: J. Energy Dev.; (United States) Vol. 9:1; ISSN JENDD
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
294003* -- Energy Planning & Policy-- Natural Gas
CANADA
ECONOMICS
ENERGY POLICY
ENERGY SOURCES
EXPORTS
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GLOBAL ASPECTS
GOVERNMENT POLICIES
IMPORTS
INDUSTRY
INSTITUTIONAL FACTORS
MARKET
NATURAL GAS
NATURAL GAS INDUSTRY
NORTH AMERICA
PETROLEUM
POLITICAL ASPECTS
PRICES
RESERVES
RESOURCES
TRADE
USA