Canada’s Gas Extraction Industry: Industrial Outlook Summer 2016

The Conference Board of Canada, 12 pages, October 6, 2016
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This report examines the short-and medium-term economic and profitability outlook for Canada’s Gas Extraction Industry.

Document Highlights

  • Slowdown in Global LNG Investment—Given that the current liquefied natural gas (LNG) investment cycle is winding down, new projects will be needed in the coming years to supply growing demand.
  • Commodity Prices—North American natural gas and crude oil prices remain historically low. In turn, this is affecting the industry’s financial performance, its ability to redeploy capital to maintain and grow production, and near-term LNG export project prospects.
  • Limited Marketing Options—The industry’s fate will continue to be tied to North America’s regional market, as Canada’s LNG exports are not expected to materialize significantly until the next decade.

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