Canadian Gas Prices Plunge: Producers Shut In Wells
Update: 2025-09-26
Description
Canadian natural gas producers are halting production as prices at the Alberta AECO Hub plummet to record lows, even hitting negative values. Warm weather, high storage levels, and increased production ahead of the Kitimat LNG facility opening have created a perfect storm. Companies like Advantage Energy and ARC Resources are curbing output, hoping for a price rebound as LNG exports ramp up and pipeline maintenance ends, revealing the market's vulnerability to shifts in weather, storage, and project launches.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
