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Along with three other acquisitions worth a total of CAN$1.53 billion, Tourmaline Oil became Canada's largest natural gas producer just as natural gas prices doubled. The company's share price rose six-fold between March 2020 and October 2021, and its market valuation rose to more than CAN$14 billion.
In 2016 natural gas was used to provide 35% of all energy in Canada, double the amount supplied by electricity. [18] Electricity generated by natural gas was 8.5% of the nation's total. Natural gas is used to supply 50% of space heating, and 65% of water heating in homes, similarly 80% of businesses use natural gas for space and water heating. [19]
The Sturgeon refinery is owned and operated by the Canadian Natural Resources Ltd. and the Alberta government. On July 6, 2021 Premier Jason Kenney announced that the province of Alberta had acquired a 50% "equity stake" in the Sturgeon Refinery through the APMC, which now owns the "stake previously owned by Calgary-based North West Refining Inc."
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In a provincial-federal agreement the price of natural gas was deregulated in 1986 which resulted in a drop in the price of natural gas. Alberta let the Natural Gas Protection Plan expire. In the same year, two new departments—Energy, and Forestry and Lands and Wildlife were established replacing the Alberta Department of Energy and Natural ...
In the U.S., utility gas prices in September were 70% higher than in recent years. Europeans, who already pay much higher for natural gas, saw bills rise sharply by 50% — for example, in Estonia.
Current events; Random article; About Wikipedia; Contact us; Contribute ... Natural gas-fired power stations in Alberta (10 P) Pages in category "Natural gas in Alberta"
Asian countries pay top dollar for liquefied natural gas or LNG. Growing LNG demand for power generation in Japan for example, suggests prices will stay high. Several companies want a share of ...
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