February 7, 2024 – CBC NewsBalmy temperates, robust production sink natural gas pricesBy Kyle BakxFor natural gas producers, profits are taking a hit. "They're kind of gritting their teeth, wringing their hands and hoping for the best," said Martin King, a Calgary-based senior analyst with RBN Energy. The expected completion of the LNG Canada export terminal in British Columbia in the middle of this year is providing some level of optimism in the sector, said King, although the impact on pricing is hard to predict. "That might be enough to kind of shift market balances and improve prices," said King. "But that is a very untested idea, nobody's really quite sure."

Source: CBC News February 07, 2024 20:44 UTC