Natural Gas Shortage 2024 Canada. Natural gas increased 0.41 usd/mmbtu or 17.62% since the beginning of 2024, according to trading on a contract for difference (cfd) that tracks the benchmark market for this commodity. And canadian natural gas production is expected to hit new records in 2023, but growth may be slow due to weakened demand, pipeline bottlenecks and a.
The canadian association for petroleum products (capp) released their 2024 capital expenditure forecasts for the upstream oil and natural gas sector, pegging growth at just over 4%, after an almost 10% gain the year prior. Western canada’s natural gas inventory remains on track to end this winter at its lowest level recorded in at least seven years, prompting shortage concerns and possible price spikes.
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