DAILY NEWS Jan 27, 2014 9:54 AM - 0 comments

Alberta helps with another rise in natural gas extraction for November

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2014-01-27

Ottawa − Canada extracted 12.4 billion cubic metres of natural gas in November 2013, up 7.1% from the same month in 2012, led by a 7.5% increase in production in Alberta. British Columbia, Yukon and Northwest Territories (+5.9%) as well as Nova Scotia (+39.2%) also posted gains. The national production level was the highest for the month of November since 2008.

While total demand on gas utilities fell 3.2% to 17.0 billion cubic metres in November, exports to the United States rose 3.9% to 6.7 billion cubic metres. The increase in exports, met largely by Manitoba as well as British Columbia, Yukon and Northwest Territories, was the first year-over-year gain since September 2012.

Canada's imports of natural gas fell 35.3% to 1.8 billion cubic metres in November. Lower imports into Ontario continued to push down national totals, which have fallen for 10 straight months on a year-over-year basis. Ontario has been replacing lower imports with higher provincial transfers from Western Canada.

The sale of natural gas produced $1.6 billion in revenue in November, up 1.5% from November 2012. The gain was led by a 2.8% increase in prices, as volumes edged down 0.5% to 8.1 billion cubic metres. Industrial and residential customers were responsible for the increased revenue, as revenue from commercial customers edged down 0.9% year over year.

All figures are from a Statistics Canada report, Natural Gas Transportation and Distribution, released Jan. 27, 2014.

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