The discount on Alberta natural gas may shrink by half once the Shell Plc-led LNG Canada project begins exports next year, according to the chief executive of the country’s largest gas producer.
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Roughly 1.9 billion cubic feet of daily gas production that will be required for LNG Canada is being sold into the North American market currently, depressing prices, he said. That gas will begin going into LNG Canada once it starts operation, which is scheduled around the middle of next year, Rose said.
Rose, who spoke at the opening of a compressed natural gas fueling station, has led Tourmaline during a period of rapid growth, mostly through acquisitions of other western Canadian gas drillers, including Bonavista Energy Corp. last year and Crew Energy Inc.
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