The Energy Report: Petroleum prices are largely set by the world market because the product is easily transported via tankers, but natural gas is still regionally priced. Could the development of more liquefied natural gas (LNG) plants in North America affect gas prices?
Ryan Galloway: If more LNG facilities come online in key areas, that will help to reduce regional differentials from excess regional supply. For example, the Kitimat project would be extremely helpful for Montney and Horn River gas in Northeast British Columbia/Northwest Alberta. But a broad, rapid, North … [visit site to read more]