NEB: Canadian gas deliverability to decline

04/30/2012
Deliverability of natural gas in Canada will decline during 2012-14 but remain "well above" domestic demand, says the National Energy Board. A new report by the federal agency defines "deliverability" as "the estimated amount of gas supply from a given area based on historical production and individual well declines, as well as projected activity." Production can be less than deliverability because of factors such as weather-related supply interruptions and curtailments undertaken for economic or strategic reasons. Average Canadian gas deliverability in 2011 was 14.6 bcfd. The Alberta gas price last year averaged $3.28/GJ (Can.). In a midrange case in NEB's p...
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