How much does natural gas cost in Alberta?

“If that increases 25-30 per cent, that’s a big jump to our expenses by the end of the year.” According to the government of Alberta, natural gas prices were $2.78 per gigajoule in August 2021, a 55.8 per cent increase from 2016. On Thursday, Gas Alberta listed the market price of natural gas at $4.83 per gigajoule.

Is shale gas cheaper than Alberta gas?

Shale gas from the Marcellus in the northeastern US was cheaper than Alberta gas in established eastern markets. AECO, which was nearly $10 in 2008, lost 80% of its value by 2012. Like crude oil differentials, Alberta’s gas prices have always been lower because of transportation costs. Because of geography, that problem will never go away.

What is a natural gas reference price?

The Natural Gas Reference Price is a critical input into the valuation of the Crown's royalty volume. In the chart or data table, select the month to obtain the monthly reference prices for natural gas, methane, ethane, propane, butanes, pentanes and sulphur in PDF.

Are natural gas prices on the rise?

After almost two years of supply shortages and cost increases, the end still isn’t in sight. One of the latest prices on the rise is natural gas. For fifth-generation greenhouse grower, Jeff Stigter, it isn’t good news. He owns Jamco Growers in southern Alberta, where he grows 11 acres’ worth of cucumbers, tomatoes and peppers in greenhouses.