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100 Mbbl/d increase in Canadian oil sands sends condensate demand up, AECO gas prices down

Enverus

The report examines the effects on AECO hub gas pricing, the Canadian benchmark price for natural gas, from what is expected to be exceptional levels of condensate-directed Montney drilling in the coming years. Due to insufficient growth within the highest-yielding condensate regions of the Montney gas play in B.C.

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Exploring the Future of Canadian Oil Sands and Montney Plays

Enverus

Dane Gregoris, Managing Director, EIR Impact of Increased Oil Sands Production on Condensate Demand and AECO Hub Gas Pricing The increase in oil sands production is set to drive substantial demand for in-basin condensate volumes, which are essential for diluting bitumen for pipeline transportation.

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