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Webinar: Canadian NGLs – Capital discipline beckons tighter NGL fundamentals
Report summary
The pandemic collapsed oil and gas prices and Canadian hydrocarbon production was hit particularly hard. The expected production pullback will have long lasting effects on gas and NGL markets. On 19 October, Prachi Mehta, Senior Analyst for Wood Mackenzie’s NGL service, Dulles Wang, Research Director & Alex Vadillo, Research Analyst for Wood Mackenzie’s Natural Gas & LNG service, and Nathan Nemeth, Sr Research Analyst for Our Upstream Service discuss the implications of the reduced upstream activity on the Canadian NGL & diluent markets. During the webinar, these topics were discussed: • Impact of price shock on upstream activity • Long-term Canada NGL supply outlook: Supply by basin and impact of capital discipline • LPG: Impact of new export terminals and PDH on prices • Diluent outlook: Oil sands projects, Canadian supply growth and impact on diluent demand
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