Canadian natural gas export volumes and revenues both shrank last year, according to trade records compiled by the Canada Energy Regulator (CER).

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Pipeline deliveries to the United States dropped by 8% to 6.8 Bcf/from 7.4 Bcf/d in 2019. Canadian gas export revenues plunged by 24% to C$6.9 billion ($5.5 billion) last year from C$9.1 billion ($7.3 billion) in 2019.

Pipeline imports into Canada from the United States also were down, declining by 12% to 2.2 Bcf/d in 2020 from 2.5 Bcf/d the year before.

“In recent years the overall net value of natural gas exports has declined mainly due to lower prices and demand for Canadian gas and robust natural gas supply in the U.S.,” said the CER.

Most Canadian “natural gas imports flow by pipeline across the border into Ontario....