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Natural gas producers await LNG Canada’s start. Will it be the fix for prices? | Globalnews.ca

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Summary
Nutrition label

68% Informative

There is now an oversupply of natural gas in Western Canada , so much so that natural gas storage capacity in Alberta is essentially full.

LNG Canada is expected to start operations in mid-2025 , giving Western Canada’s natural gas drillers a new market for their product.

In the past week , Alberta natural gas benchmark AECO spot prices have hovered between $1.20-$1.60 per gigajoule.

Feit , the analyst for Enverus , said there's no doubt LNG Canada’s opening will be a major milestone that will help to support natural gas pricing in Western Canada .

Feit added that producers need to be disciplined and allow the market to balance in the near-term.

VR Score

74

Informative language

76

Neutral language

42

Article tone

semi-formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no external sources

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