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LNG Canada Ships Inaugural Cargo as Alberta Gas Prices Set to Rise

Deloitte’s forecast of AECO prices rising from $2.20 per mmBTU in late 2025 to $4 by 2032 underscores new export pressures with looming higher household gas bills.

A tanker loaded with the first cargo of Canadian liquefied natural gas departs from Kitimat, B.C. in this Monday, June 30, 2025 photo provided by LNG Canada.

Overview

  • LNG Canada dispatched its first ultra-chilled gas cargo from Kitimat to Asia last week, inaugurating Canada’s West Coast export capacity.
  • Deloitte projects Alberta’s AECO price will average $2.20 per mmBTU in the second half of 2025, climb to $3.50 in 2026 and hit $4 by 2032.
  • The new export outlet is expected to bolster producer drilling investment even as domestic output may fall short of LNG project demand for the next four to seven years.
  • Deloitte forecasts West Texas Intermediate crude will average US$72 per barrel in H2 2025, dip to US$67.30 in 2026 and rise to US$74.65 by 2032 as the Trans Mountain expansion narrows the discount on Canadian heavy crude.
  • Rising natural gas prices driven by export growth are likely to translate into higher heating bills for Alberta households.