TOPHOTSNEWS - In a report from The Conference Board of Canada said that Canada's natural gas loses its appeal because it grows in the shadow of the U.S. market
While the energy market, commonly known as oil and gas industry, on the northern border, is the importance of gas is reduced. In the U.S., the wind shifted and new shale gas discoveries have been made to solve the heat from the gas industry.
Statistics speak for themselves. Canada currently accounts for about 19 percent of North American natural gas production, compared with 25 percent five years ago. Canada will also mark used by about 80 percent of the total demand for gas imports to the United States, but the number has declined since the U.S. to support themselves.
There is also a concern in Canada is less relevant than the production in Alberta is expected to decline by 20, percent forecast the Conference Board 2010-2015. While production in British Columbia in the Montney and Horn appeared River Basin Fund to help offset this decline, they can help only partially.
Industrial economy is bad. Average rate of profit by 10 percent and 13 percent in 2007 and 2008 fell to 1.3 percent and 1.8 percent in 2009 and 2010. Margin of Canada is expected to remain tight in the near future by natural gas producers to compete with labor and equipment of oil sands. This sends exploding costs.
Because the U.S. will slow the growth of production in Canada have calls from people in the industry to explore other options. Over the weekend, Shell (RDS.A) Canada president Lorraine Mitchelmore said the Globe and Mail that the shale gas boom in Western Canada over without increased access to Asian markets.
"Ms Mitchelmore in a telephone interview with the Globe, Shawn McCarthy, St. John, where he appealed to the Canadian Chamber of Commerce said.
"In Asia, they want to diversify their supply, but we have a very short window"
"Otherwise it will risk becoming a very small market".