Canadian Natural Gas Prices Set to Jump on Launch of LNG Project ...Middle East

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Canadian Natural Gas Prices Set to Jump on Launch of LNG Project
source : OILPRICE ( Middle East ) () 51
The price of natural gas price in Alberta is set to lose its discount once the LNG Canada project enters into operation, the chief executive of Tourmaline Energy, the country’s top natural gas producer, has warned. LNG Canada, a project led by Shell, is going to need some 1.9 billion cu ft of natural gas in daily supply, Tourmaline Energy’s Michael Rose told Bloomberg in an interview this week. Currently, this amount is being exported to the United States and is depressing local prices. Once it gets diverted to LNG Canada, prices are…

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