The third natural gas pipeline across Northern BC, aiming at Asian markets

Analyst Commentary, Miller Chu: Natural gas consumption and production imbalance – poised for shale gas development Spectra Energy Corp. (NYSE:SE) and BC Group PLC (LSE:BG.L) are teaming up to build a new natural gas pipe line from northeastern BC to Prince Rupert aiming to export to the Asian markets including China.

Avoid natural gas players? Not those in China

Analyst Commentary, Miller Chu: China is one of the largest energy consuming nations in the world and recently began stepping up its domestic natural gas development and investments by tapping into its domestic shale gas reserves to meet the growing domestic demand and support its energy policy.

Natural gas prices in North America continue to push lower, extending 10-year low

Analyst Commentary, Matthew Bovencamp: Natural gas inventories in the United States are approximately 59% higher than the 5-year average levels, and approximately 50% higher compared to the same time last year. The higher storage levels are primarily due to increased production, warmer weather, and low demand from the slow pace of the global economies. 

Energy tight Japan looking to Canada for resources, particularly liquid natural gas (LNG)

Analyst Commentary, Miller Chu: With the last two of the 54 nuclear power plants scheduled to be removed from power generating service next month, Japan is left with a likely power shortage this coming summer season when the demand peaks.