The North American natural gas situation:
North America's demand for natural gas is growing, yet production in the lower 48 of the United States is decreasing. The resulting gap between demand and supply can only be met with either Canadian imports gas from Alaska or LNG. At this time, Canadian imports nearly fill the entire gap (15 percent of total consumption).
But now, Canada's gas production rate also appears to be declining. Canadian imports will decrease as production declines and Canadians use more of their gas resources to satisfy their domestic demand requirements.
(source of 15% - Pipeline & Gas Journal)
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