Canada’s Gas Extraction Industry: Industrial Outlook Winter 2016
This report examines the short-and medium-term economic and profitability outlook for Canada’s Gas Extraction Industry.
- Revenues—Industry revenues have contracted rapidly as a result of the one-two punch of low regional natural gas prices and depressed world crude oil prices (the latter affect prices for natural gas liquids).
- Global LNG Market Competition—Canadian liquefied natural gas (LNG) exports are not expected to materialize in a significant fashion in the coming years, given competing projects around the world and delays and setbacks for BC’s leading projects.
- LPG Export Prospects—Export project proposals for Canadian liquefied petroleum gas (LPG) (i.e., propane) continue to go forward and may provide a potential “in” for access to growing Asian markets.