Canadian gas prices are feeling upward pressure after several years in the doldrums
Western Canada’s gas revival
Midstream pipeline expansion and cautious operator spending is fuelling an uptick in prices
Western Canadian gas producers have for a long time been hammered by low prices. Rapidly rising gas production from the US Marcellus shale has competed for the mid-continent market since the middle of last decade, there has been a lack of regional pipeline capacity to ship rising Montney and Deep Basin production to major export points, and the Covid-19 pandemic temporarily cratered global gas consumption. But more recently, Western Canada’s gas producers have enjoyed a major rebound in regional prices. And the good times should continue to roll through the middle of this decade, according to Martin King, senior analyst with Houston-based consultancy RBN Energy. King forecasts that the spot
Also in this section
28 January 2026
The alliance looks to bolster market management credibility by bringing greater clarity and unity to output cuts and producer capacity later in 2026
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
22 January 2026
As Saudi Arabia pushes mining as a new pillar of its economy, Saudi Aramco is positioning itself at the intersection of hydrocarbons, minerals and industrial policy
