OUTLOOK FOR ALBERTA PRODUCTION AND DELIVERABILITY IN RELATION TO DOMESTIC AND EXPORT MARKETS OF NATURAL-GAS

Cautious optimism about the deliverability of Alberta natural gas during the 1993/1994 heating season is justified. There are not likely to be the shortages of the previous winter. These predictions are based on favourable reserve and production figures together with an increase in drilling activity. There are also more disciplined contracting practices and a positive outlook for available pipeline capacity.