DAILY NEWS Apr 28, 2014 1:48 PM - 0 comments

Natural gas sales were up 32.7% in February

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2014-04-28

Ottawa - Canada extracted 13.2 billion cubic metres of natural gas in February 2014, up 13.1% from the same month last year, Statistics Canada reports. The ongoing cold temperatures during the 2013/2014 winter season once again led to higher natural gas production.

Alberta, the largest producer of natural gas in the country, continued to lead the way, extracting 10.2 billion cubic metres in February, up 16.5% from February 2013.

Cold temperatures throughout Canada once again led to higher total demand by gas utilities (+6.1% from the same month a year earlier to 19.9 billion cubic metres in February). Exports to the United States rose 5.1% to 7.0 billion cubic metres.

Provincially, Saskatchewan was the largest contributor to the export gain, with deliveries of 2.8 billion cubic metres. However, by volume, this was down 2.7% from the same month a year earlier.

Following a decline in January 2014, Canada's imports of natural gas from the United States edged up 0.7% from February 2013 to 2.5 billion cubic metres. Ontario, which is the largest customer, imported 2.4 billion cubic metres, up 11.6% from February 2013. Meanwhile, Manitoba (-79.5%) and New Brunswick (-57.7%) both received less imports in February.

Canada's sale of natural gas generated $2.5 billion in revenue, up 32.7% from February 2013. Factors contributing to higher sales included colder temperatures during the winter of 2013/2014, which led to higher demand and increased volumes (+11.1% to 10.1 billion cubic metres) as well as higher prices (+19.5%) in February. Ontario (+4.1%) produced the largest amount of revenue and the volume of sales of natural gas rose 5.7% to 3.8 billion cubic metres.

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Natural gas production from February 2011 to February 2014.
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Caption: Natural gas production from February 2011 to February 2...


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