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Economic Viewpoint

A Natural Gas Market in Transition

November 27, 2018
François Dupuis, Vice-President and Chief Economist • Mathieu D’Anjou, Deputy Chief Economist • Carine Bergevin-Chammah, Economist

Technological advances in shale gas extraction have enabled the United States to drastically increase its natural gas production and become a net exporter. This increased supply on the U.S. market has also driven down prices in North America, compared to Europe and Asia. The growing needs for natural gas around the world and the massive reserves in the United States should trigger a transition in the global market, as trade travels further and the market for liquefied natural gas gains traction. Greater integration in the natural  gas market would create an opportunity for Canada, as the demand for natural gas from its only client, the United States, wanes.

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