20% Of U.S. Natural Gas May Come From Canada

摘要

With natural gas prices continuing an unprecedented surge amid fears of a winter shortage, Canadian natural gas executives told U.S. companies they can count on their neighbor to the north for up to 20 percent of their supplies. "The natural gas industry is changing at light speed," Emery P. Varga, Director of North American Pipeline Ventures for TransCanada, told the 12th Annual LDC Forum Gas Storage Strategies & Market Center Hubs Conference at Lincolnshire, IL Sept. 11-13. Particularly because of the rapidly expanding power generation sector, demand for natural gas is on the upswing but the industry is still suffering from a supply lag caused by the low prices and resulting limited capital budgets put into place by E&P companies during 1998-99, he said.