The U.S.-Canada Gas Market War Will Heat Up in 2017
- By 2027, the amount of fuel headed north is set to double
- Canadian drillers, already reeling, face added competition
QuickTake: Canada’s Next Step
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U.S. gas drillers battered by the lowest prices in 17 years have found another release valve for their output: Canada.
Over the past five years, the shale boom that unlocked vast supplies of natural gas across North America has tripled pipeline shipments from the U.S. to Mexico, and spurred the first seaborne exports from the lower 48 states. Now, pipeline companies led by Spectra Energy Corp., TransCanada Corp. and Energy Transfer Partners LP are gearing up to more than double the flow into Canada by 2027, according to the Canadian Energy Research Institute.