Posted October 09, 2018 04:19:16 Canadian natural gas stocks and prices are expected to rise after a drop in natural gas demand, but Canadian stocks are expected remain near their current levels as the Canadian energy sector continues to recover from the oil and gas downturn.
The natural gas industry is also expected to continue to recover as oil prices rebound.
Natural gas prices, however, are expected lower than previously expected.
Canadian stocks have been trading near their long-term average levels, but prices have been on a downward trend.
Natural gas prices fell from $US50 per thousand cubic feet (Mcf) in late 2018 to $US30 per Mcf in mid-September.
That price is expected to fall back to $30.30 per McKf in early October.
Gas prices have risen as oil and natural gas prices have fallen.
Natural Gas Supply Canada reported that natural gas supplies are at the lowest level in five years.
However, it said the natural gas sector is still relatively robust and continues to see strong demand.
Natural energy and utilities are continuing to build capacity and ramp up production, according to the Canadian Association of Petroleum Producers (CAPP).
Natural gas producers and utilities have seen their natural gas contracts reduced as a result of the economic downturn.
However they have increased spending on other energy infrastructure.
The CAPP said there is a growing trend for energy companies to build pipelines and pipelines to transport natural gas to other parts of the world.
Natural Resources Canada reported in September that natural resources investment in the sector was at its highest level since the early 1990s.
It said the sector has been growing at the fastest pace since 2003.
The association said natural gas investments were worth $3.6 trillion in 2020, up $2.3 trillion from last year.
The CAPP also noted that in 2018, natural gas companies increased spending by more than $US600 billion on projects and investments, while oil and other energy companies increased their investments by about $US2.5 trillion.
The energy sector accounted for about half of the CAPP’s total natural gas investment in 2020.
Natural resource companies accounted for almost one-quarter of all natural gas projects.
In early 2018, Natural Resources Ontario (NRO) reported that the province had a total of 7,634 projects under construction, up from 6,965 in 2017.
The NRO also said that more than 1,000 new natural gas pipeline projects were under construction across the province.
NRO said there are now more than 5,000 pipeline projects planned across the country.
Natural Resource Canada said it expects to build 4,500 new gas pipelines in the next 12 months.
In 2018, NRO reported the number of natural gas pipelines and natural resource pipelines was up by nearly $US300 million.
Natural Resources Canada said in its 2017 annual report that pipeline projects have increased at a faster rate than infrastructure investments in the natural resource sector.
Natural resources companies increased the number, length, and frequency of pipeline projects by 1,300% from 2016 to 2017.
Natural oil and oil sands projects increased by nearly 60%.
Natural gas pipeline and natural resources pipelines increased by about 70%.