Canadian gas surplus to linger through 1995

Journal Article · Mon Mar 23 04:00:00 EST 1992 · Oil and Gas Journal; (United States)

OSTI ID:5650393

This paper reports that Canada's natural gas surplus will persist at least through 1995, although the gap between production and deliverability will narrow. Meantime, prices will slowly rise, the Canadian Energy Research Institute (CERI) predicts. The Calgary firm says surplus productive capacity will fall to 426 bcf in 1992 from 874 bcf in 1990. Those volumes amount to 12% and 25%, respectively, of deliverability. Prices for a processing plant's outlet stream, pegged at $1.38 (Canadian)/Mcf in 1991, will inch up to $1.53 in 1994, then climb to $1.69 in 1995, all in current dollars. Prices will firm as a reduced surplus reduces sales competition among producers. Increasing sales as a result of expanded export pipeline capacity will be a major factor in reducing surplus capacity. The study says after 1995 increased drilling will raise productive capacity and create some downward pressure on prices.

• OSTI ID: 5650393
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 90:12; ISSN OIGJA; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

03 NATURAL GAS
030600* -- Natural Gas-- Economic
Industrial
& Business Aspects
032000 -- Natural Gas-- Transport
Handling
& Storage
CANADA
DEVELOPED COUNTRIES
ENERGY SOURCES
EXPORTS
FLUIDS
FORECASTING
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
INDUSTRIAL PLANTS
INDUSTRY
MARKET
NATURAL GAS
NATURAL GAS INDUSTRY
NATURAL GAS PROCESSING PLANTS
NORTH AMERICA
PIPELINES
PRICES
PRODUCTIVITY
SUPPLY AND DEMAND
TRADE