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Subject of emergency alert message arrested - May 2, 2024 | SaltWire #dartmouth #update #suspectThe start-up of LNG Canada, the country's first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where demand for the fuel is record high, companies said.
Canada exported about 8 bcfd of gas by pipeline to the U.S. in 2023, compared with an average of 7.5 bcfd over the prior five years, according to the U.S. Energy Information Administration. ARC will supply gas to the Cedar LNG project, one of several on British Columbia's Pacific coast, which is close to Canada's vast Montney shale field and has a short shipping distance to Asian markets.
"The startup of LNG Canada opens new markets for Canadian gas other than the Lower 48 ... any downturn in the amount of Canadian gas exports to the U.S. could reverberate across North America later this decade," said Eli Rubin, senior energy analyst at consultancy EBW Analytics Group. Infrastructure, particularly facilities to process raw natural gas, needs to expand to enable more Canadian production.
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