CANADIAN NATIONAL GAS EXPORTERS FORESEE END OF PRICE SLUMP

Canadian natural gas producers exporting to the U.S. market see a faint glimmer of light at the end of a long, dark tunnel. Prices hit a 14 year low at the end of 1991 as a persistent glut sparked fierce competition among producers for spot market sales. Crude oil drilling activity topped gas drilling in 1991 for the first time in several years as explorers pulled back in the face of weak prices. The industry's problems have been compounded by a long-running and still unresolved dispute

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