As the new heating season in North America gets under way, the natural gas sector in Canada, the U.S., and even globally, is experiencing a surge in gas prices to levels unseen in many years. In Canada and the U.S., you would have to go way back to 2008-09 to find the most recent instance of $5/MMBtu-plus gas heading into a heating season. As for the rest of the world, it has never experienced prices at the levels reported in the past few months — north of $30/MMBtu in some places. The big question, as always, is: where do we go from here? In today’s RBN blog, we review our 2021 pricing outlook for Canadian gas and discuss our forecast for 2022.
Feelin’ Good Again – For Canadian Producers, the Most Promising Natural Gas Price Outlook in Years
