Canada could see a boon from rising natural gas prices this year, according to a 2025 forecast by Deliotte.
The “Energy, oil, and gas price forecast” report released Dec. 31, 2024, looks ahead at what is expected to happen in the market for 2025, predicting a price increase could be on the horizon for natural gas.
The news comes on the heels of a year of slumping prices with Canadian producers curbing production amid oversupply in the market.
Western Canada saw historic lows in natural gas pricing in 2024, according to the United States’ Energy Information Administration (EIA).
Three trends hinting at higher natural gas prices for 2025 were identified in the Deloitte report, which it said could benefit Canada’s natural gas exports….