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11/04/2002
Market MovementUS imports of Canadian gas fallingImports of Canadian natural gas into US markets are expected to fall 3% this year from 2001 levels and drop another 4% in 2003, said Robert Morris with Salomon Smith Barney Inc., New York.That's primarily because production from the significant Ladyfern gas field in northeastern British Columbia is declining quicker than previously expected, he said. "In fact, Ladyfern production is currently estimated to be just under 500 MMcfd, vs. 650 MMcfd in early June, and volumes are currently expected to exit the year at roughly 450 MMcfd," Morris reported. "EnCana (Corp., Calgary) and Canadian Natural (Resources Ltd.), whose wells are the furth...
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