Gas Imports from Canada Continue Slide
Friday, November 30, 2012
The U.S. Energy Information Administration (EIA) reports that for the first eight months of 2012, net imports of Canadian natural gas fell 7% to 5.7 Bcfd (161 x 106 m3/day), compared to the same period in 2011.
EIA said that was due largely to rising U.S. shale gas production and a warm 2011-12 winter that left high levels of gas in underground storage.
Net imports from Canada peaked near 10 Bcfd (283 x 106 m3/day) in 2007 and have fallen steadily since. In the first eight months of 2012, Canada has supplied 8% of U.S. gas consumption, the lowest level since 1992.
U.S. exports to Canada have grown significantly since 2000, mostly through Vector Pipeline from Illinois to Ontario. Exports from the U.S. Midwest to Canada were a record 2.4 Bcfd (68 x 106 m3/day) in 2011 but have decreased slightly in 2012.
For more information: www.eia.gov