Canada could lose its best energy customer within decade and gain a competitor, EIA predicts | Financial Post

The United States, a net energy importer since 1953, is on a path to become a net energy exporter in the next decade, the U.S. Energy Information Administration said Thursday in its 2017 energy outlook.

Growing U.S. production of tight oil and shale gas, combined with flat U.S. oil demand, is bad news for Canada, which will have no alternative export market until it builds new oil pipelines to the coasts and liquefied natural gas plants, and even faces new competition from U.S. imports.

“U.S. imports of natural gas from Canada, primarily from the West where most of Canada’s natural gas is produced, continue to decline, while U.S. exports to Canada — primarily to the East — continue to increase because of Eastern Canada’s proximity to abundant natural gas resources in the Marcellus basin,” the EIA said in its annual outlook.

Source: Canada could lose its best energy customer within decade and gain a competitor, EIA predicts | Financial Post

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