TC Energy Sees North America Natural Gas Demand Rising 25% by 2030

TC Energy Corp. expects North American natural gas demand to grow 25% by 2030, a top pipeline executive told investors earlier this month.

Demand would mainly be driven by coal-to-gas switching in the power sector and global demand for liquefied natural gas (LNG), TC’s Tracy Robinson, president of the Canada natural gas pipelines unit, said at the annual investor day.

Gas supply from the Western Canadian Sedimentary Basin (WCSB) and the Appalachian Basin, two of the main sources of gas flowing on TC pipes, is set to grow by a combined 13 Bcf/d by the end of the decade, Robinson said. She cited the competitiveness of the basins’ gas supply, with high natural gas liquids content in the WCSB and high well productivity in the Appalachia.

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