DAILY NEWS Feb 26, 2014 5:58 AM - 0 comments

Canada extracted 14.5 billion m3 of natural gas in December, up 11.9% year-over-year

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Ottawa – Canada extracted 14.5 billion cubic metres of natural gas in December 2013, up 11.9% from the same period in 2012, led by a 14.6% production increase in Alberta, according to Statistics Canada.

Nova Scotia produced 277.7 million cubic metres of natural gas, more than doubling December 2012 values. Overall, national production reached its highest level for the month of December since 2007 (14.9 billion cubic metres).

In line with production growth, natural gas exports rose 17.2% in December to 8.1 billion cubic metres. The largest increase in exports came from British Columbia, Yukon and Northwest Territories, where 2.8 billion cubic metres were delivered to the United States, up 45.5% from December 2012. The growth in exports marked the second consecutive month of year-over-year gains after more than a year of declines.

Canada's imports of natural gas were down for the 11th consecutive month, falling 30.6% to 2.1 billion cubic metres in December. Lower imports into Ontario once again pushed down national totals, as they replaced lower imports with higher provincial transfers from Western Canada. Lower imports into New Brunswick (-65.1%) also contributed to the decline. However, New Brunswick met provincial demand with a 2.8% increase in natural gas transfers from Nova Scotia compared with December 2012.

The sale of natural gas produced $2.1 billion in revenue in December, up 17.0% from December 2012. The increase was a result of a 7.5% gain in prices and an 8.9% rise in volumes to 10.2 billion cubic metres, led by Alberta (+3.9 billion cubic metres) and Ontario (+3.3 billion cubic metres).

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