Report forecasts higher natural gas prices in 2025

Trainees are pictured at Precision Drilling in Nisku, Alta. An increase in production contributed to a slump in natural gas prices in 2024, but with demand projected to increase this year the market could find more balance, according to a new report from Deloitte.  (Jason Franson/The Canadian Press - image credit)

 

Higher natural gas prices this year? It’s likely, according to a new forecasting report published by Deloitte.

The report suggests that the slump in natural gas markets that occurred in 2024 will probably be a thing of the past because of an increased demand for Canadian natural gas combined with growing LNG shipping capacity reported CBC.

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