Canadian gas exports not expected to glut US market

Canadian natural gas exports to the US are projected to rise by only about 1.1 bcfd in the second half of this year, compared with the same period in 2000.That figure represents a little more than half the expected available pipeline export capacity.Analysts with Raymond James & Associates Inc. said that the latest figures should help dispel any notion that a big increase in Canadian gas is contributing to the rapid buildup in US gas storage volumes or that a rise in Canadian exports could significantly affect US supply-demand fundamentals (OGJ, Aug. 27, 2001, Newsletter, p. 5).New Canadian productionRJA gas analyst Wayne Andrews said that record drilling in Canada has generated about 2 b...

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