Low gas prices may limit production in Canada for years to come: analysts

摘要

Low North American gas prices are weighing heavily on Canadian producers, who will likely see their gas output constrained for years to come, according to analysts with Barclays Capital. "Times have been better for Canadian producers of natural gas," analysts James Crandell, Biliana Pehlivanova and Michael Zenker said in a report last week. "The oversupply that ensued from the rapid development of shale gas in the US in the past two years has settled firmly over the North American market, forcing prices across the continent to decline further, and helping to restrain producer activity."