Canada's natural gas bubble has vanished, CERI report warns

Journal Article · Wed Mar 03 04:00:00 EST 1993 · Energy Daily; (United States)

OSTI ID:7028605

O'Driscoll, M

The Canadian natural gas bubble - created by large supply deliverability surpluses in the west - has vanished, says the Canadian Energy Research Institute. The report, based on a survey of 50 Canadian producers, confirms an earlier NOVA Corp. review of its deliverability system that showed there may not be sufficient peak day supply to meet all market needs. This, CERI reports, is in spite of survey participants' expectation that Canadian exploration and development activity will rebound strongly after 1993, with annual reserve replacement rates of between 110 and 120 percent through 1996. Major buyers of Canadian gas should take note, CERI said, because with the specter of potential shortfalls, they should rely more on long-term, firm supply and less on short-term, interruptible supply - which may not be available even at exorbitant shot prices.

• OSTI ID: 7028605
• Journal Information: Energy Daily; (United States), Journal Name: Energy Daily; (United States) Vol. 21:41; ISSN 0364-5274; ISSN ENDADJ
• Country of Publication: United States
• Language: English

Related Subjects

03 NATURAL GAS
030600* -- Natural Gas-- Economic
Industrial
& Business Aspects
CANADA
DEVELOPED COUNTRIES
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
NATURAL GAS
NORTH AMERICA
PRODUCTION
RESOURCE ASSESSMENT
SUPPLY AND DEMAND