A major downturn in drilling for natural gas in Western Canada will shrink Canadian supplies of the clean-burning fuel by as much as 15% in the next two years, the National Energy Board predicted yesterday.
Canada's energy regulator said it expects Canadian production to plummet to as little as 14.5 billion cubic feet a day by 2009, revising earlier predictions that gas deliverability would stay flat at around 17 bcf/d, or roughly where it has been since 2000.
"There is a pervasive drilling downturn that's impacting most resources in the Western Canada basin, where 98% of the gas is produced," said NEB gas supply analyst Ken Martin.
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