Canadian Oil Production Propping Up Gas Demand
Mar 15, 2021 6:38:pm
Summary
by: Daniel Graeber
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Canadian Oil Production Propping Up Gas Demand
Natural gas demand in the energy-rich Canadian province of Alberta is on the rise this year, data analytics firm Enverus said in a March 15 blog, with most of the tug coming from oil sands production.
Enverus said total provincial demand for natural gas averaged 7.7bn ft
3/day in February, an all-time high and in stark contrast to the first half last year, when global oil demand destruction in the wake of the Covid-19 pandemic slashed demand for gas in Alberta’s oil sector by 22%. As with much of North America, cold weather in February impacted demand for natural gas, though production trends in the oil sands are also playing a role.