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natural gas pricesGlobal News
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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
External references
no external sources
Source diversity
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