Natural gas producers await LNG Canada’s start, but will it be the fix for prices?

Natural gas producers in Western Canada are anticipating improved fortunes with the upcoming launch of LNG Canada next year, despite a current supply glut affecting prices. As colder temperatures boost demand, Alberta and B.C. producers are seeing some relief after months of low prices, with AECO spot prices improving but still below 2023 averages due to oversupply and increased production levels. Companies are ramping up production in preparation for LNG Canada’s opening, Canada’s first large-scale LNG export facility.

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