Quote:
Originally Posted by WestCoastEcho
Natural gas is less capital intensive and easier to scale to demand, and it is expected that natural gas production will continue to outstrip demand in North America for the foreseeable future.
Furthermore, natural gas usage for power production in Canada is set to increase, at the expense of nuclear, coal and oil, while wind and solar barely make a blip in total generating capacity.
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In North America? We are talking about international demand once LNG is operating.
Natural gas inventory is dropping, and it's clear geography plays a huge role in pricing right now, and we get a discount. As soon as the pipe is open to Asia, we'll be competing with them.
https://www.neb-one.gc.ca/nrg/ntgrtd/mrkt/snpsht/2018/12-01nrthmrcnngmrkt-eng.html
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