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
11 February 2026
Panellists from three LNG buyers at LNG2026 in Doha outlined their evolving procurement strategies as they navigate heightened market volatility
11 February 2026
North African producer plans to boost output by early 2030, with Europe its number one priority as export destination
11 February 2026
Maritime leaders at LNG2026 warned of the dangers of over-regulation on competitiveness, sustainability and innovation
10 February 2026
The country has opened bidding on 50 blocks in a new licensing round but will face competition for attention and will need to address concerns about security and legislation
