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Nov 1, 2021 · Since the fall of 2016, Alberta’s price of natural gas has spent approximately 85% of the time under $3.00/GJ, and 75% of the time priced less than $2.50/GJ. The most recent 5-year average price comes in at $2.42/GJ, which means the recent increase to $3.87/GJ amounts to a 60% price increase.
The Alberta Natural Gas Reference Price is a representative market price for natural gas bought and sold within the province, calculated using a simplified netback model. The Natural Gas Reference Price is a critical input into the valuation of the Crown's royalty volume.
The price decrease was primarily attributed to lower domestic residential and commercial demand and the growth in the natural gas supply. Price differential: The price differential between Henry Hub and AECO-C narrowed to $0.52/MMBtu in 2023, down from US$2.38/MMBtu in 2022.
Jun 19, 2024 · Price of natural gas per gigajoule in Canadian dollars. On this page: Alberta API.
Previously, the average price for 2020-first half of 2021 hovered around $1.55-$3.00/GJ. The following year, the price reached $6.53/GJ in June 2022. In 2023, the natural gas price trended downwards. According to the Alberta government, the lowest price seen was $1.93/GJ in July 2023.
Based on the low- and high-price cases, prices are projected to range from Cdn$1.79/GJ to Cdn$7.41/GJ by the end of the forecast period. In 2023 Natural gas prices, including AECO-C and Henry Hub, decreased over 2023.
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The following chart shows the current and future market prices for deliveries in Alberta for the next several years. The market is said to be in “contango” if futures (or forward prices) are higher than spot (current) prices.
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