Gas Supply/DemandSouthern supplies of gas are being pushed to the limit to meet the increasing demand for natural gas. According to a recent joint Canada-U.S.-Mexico report entitled North American Natural Gas Vision, production from conventional Canadian and U.S. gas basins in recent years has been flat or declining. Additional gas supplies for North America will come from, amongst other sources, frontier gas from Alaska and northern Canada. Proven and potential northern gas reserves are substantial:
± denotes 'trillion cubic feet' There is a general consensus that the demand for natural gas in North America will continue to increase. The current estimated annual demand for gas in North America is 25 tcf, of which 22 tcf is consumed in the U.S. These numbers are expected to increase substantially over the next 20 years. According to the North American Natural Gas Vision report, the following table shows present and future natural gas demand annually.
The charts below show that the combined production from both the AHPP and the MGP will represent about 7% of the total gas required in the Canada/US market in 2025.
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