Getting Canadian Gas to Asian Markets

Getting Canadian Gas to Asian Markets

from The Diplomat by diplomat_admin

Canada has a limited window of opportunity to put in place the needed infrastructure if it wants to export substantial quantities of natural gas to markets in Asia. Asian markets won’t wait and other suppliers, including the U.S., will begin bringing additional production on stream as new technologies exponentially increase known reserves. The current huge price differential between Asian and North American gas prices, with Asian prices being some five times the North American average, is unlikely to last. Despite the coming price adjustments, however, Canada needs to find alternative markets for its gas beyond domestic customers and its main export market; the U.S. Time is of the essence.
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