NEB: Canadian gas prices to stay robust through 2006

11/07/2005
Canada’s National Energy Board expects natural gas prices in Canada to remain high through 2006 and production to change little. The combination means limited growth in natural gas liquids (NGL) supply.NGL prices therefore will be relatively high over the outlook period, the NEB said in an energy market assessment entitled Short-term Outlook for Natural Gas and Natural Gas Liquids to 2006.Gas prices are expected to be strongly influenced by benchmark US West Texas Intermediate crude oil prices and probably will fluctuate in the btu-equivalent price range bounded by residual fuel oil (RFO) and No. 2 heating oil.“Based on expectations that WTI crude oil could average about $50/b...
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