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2005 Natural Gas Exports and Imports Summary

Canadian Natural Gas Exports & Imports At A Glance

  2004 2005
Gross Exports 3 607 Bcf (9.9 Bcf/d) 3 679 Bcf (10.1 Bcf/d)
less Imports 441 Bcf (1.2 Bcf/d) 377 Bcf (1.0 Bcf/d)
Net Exports 3167 Bcf (8.7 Bcf/d) 3 303 Bcf (9.0 Bcf/d)
Net Revenue CDN $23.2 billion CDN $31.8 billion

 

Monthly Export and Import Volumes

Export Volume Commentary

  • For almost every month in 2005 gas exports were above the previous year's levels. Overall, net exports increased by about 4.6 percent for the year as Canadian imports of gas from the U.S. were 15 percent lower than the previous year.
  • Increased Canadian gas exports can be attributed to: higher U.S. demand in certain export markets, reduced U.S. gas production as a result of hurricane activity and slightly increased Canadian gas production.

Export Price Commentary

  • The average price obtained by Canadian gas exports (in $CDN/GJ) for 2005 increased 29 percent over the previous year.
  • The higher gas prices were largely supported by much higher prices in the crude oil market. However, a few notable weather events (such as unexpected supply disruptions from hurricanes Katrina and Rita in August and September 2005) contributed to the volatility in the gas market.
Monthly Export Price

Export Revenue Commentary

  • The 4.6 percent increase in export volumes, combined with export prices that averaged 29 percent higher than the previous year grew net Canadian gas export revenues by 38 percent for 2005 to a record $31.8 billion.

Regional Export Commentary

  • The U.S. Northeast region was the primary recipient of increased Canadian gas exports. Net exports to this region in 2005 increased by about 16 percent over the previous year's levels. In addition, net exports to the Midwest increased by six percent in 2005 compared with the previous year.
  • Net exports to California and the Pacific Northwest for 2005 were approximately eight percent lower than the previous year. Hydro conditions in these regions improved in 2005 and average temperatures were slightly above normal.
Net Export Volumes by Region

For more information, please visit Energy Pricing Information for Canadian Consumers on the NEB website

 

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Date Modified:
2011-12-05