1 NATURAL GAS Heating Season Report 2023-2024 NATURAL GAS PRODUCTION Canada’s natural gas production continues to NATURAL GAS PRODUCTION achieve record levels. [...] Due to high production levels, supply is abundant going into the 2023-2024 NATURAL GAS STORAGE Natural gas storage levels are high heading into NATURAL GAS STORAGE the heating season. [...] If production rates remain as high as they are now, inventories are also expected to remain at typical storage 2 NATURAL GAS Heating Season Report 2023-2024 NATURAL GAS DEMAND Gas demand remains high into 2023 while NATURAL GAS SALES residential customers continue to join the natural gas system. [...] In a trend that started in the second half of 2022, natural gas consumption has remained at high levels since the start of 2023. [...] 4 NATURAL GAS Heating Season Report 2023-2024 SUMMARY After seeing the effects of a global pandemic in 2020 to 2021 and then an energy crisis in 2022, we may finally be seeing some sense of normalcy in the Canadian gas market.
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- Canada
