Canada’s Gas Extraction Industry: Industrial Outlook Winter 2016

The Conference Board of Canada, 15 pages, April 28, 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

  • 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.

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