Natural gas prices in Western Canada are so low that a partner in the country’s first LNG export project is shutting off money-losing wells and throttling back its exploration program.
Malaysian-owned Petronas, which has a 25 per cent interest in the $40-billion LNG Canada project, has been curtailing production by between 50 and 200 million cubic feet per day from wells in northeastern B.C. capable of producing 700 million cf/d, the CEO of its Canadian branch says. #bcpoli
https://www.cbc.ca/news/canada/calgary/natural-gas-prices-western-canada-lng-1.4957876
