CERI 2013 Natural Gas Conference Short-term Survival and Future Gas Pathways

摘要

The application of technology in the development of shale gas resources has altered the North American supply/demand balance, dramatically lowering market prices and undermining the competitiveness of the Canadian natural gas industry. Soft market prices, a continuing supply overhang and changes in natural gas demand in Asia have strengthened the opinion that liquefied natural gas (LNG) may be the only game in town. However, the risk of decoupling LNG prices from crude prices raises the risk bar. What does that really mean? Could Henry Hub be the global benchmark? Gas demand in the oil sands is another bright light, but the requirement for new oil pipelines and the community pushback from building new oil pipelines could slow or potentially stall new Western Canadian oil sands developments. Coal-fired generation change outs in favour of natural gas combined heat and power systems, or vehicle conversions to compressed natural gas or liquefied natural gas, are all demand elements that could reduce the supply verhang, but how fast can they change and will it be enough?