Alberta natural gas producers losing -$6.6B USD/year
Alberta natural gas differentials are also distressed, but you seldom hear about it;
- Alberta AECO differentials in 2014-2015 averaged -$0.40 MMBtu
- Differentials since 2016 have averaged -$1.37 MMBtu
- Q4 2018 to date differentials have averaged -$2.50 MMBtu
This works out to a wealth transfer of $6.6 billion USD/year from Alberta producers to pipeline shippers and consumers.
Alberta needs to fix both crude and natural gas, not just crude.
– Mike Reed
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