Market Snapshot: Annual Trade Summary – Natural Gas Exports
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Release date: 2025-06-18
In 2024, virtually all of Canada’s natural gas exports went to the United States (U.S.), with exports averaging 8.8 billion cubic feet per day (Bcf/d) – the highest level since 2010. This marked an 8.1% increase from the previous year. A mild winter in Canada and record natural gas productionFootnote 1 in western Canada led to increased supply available for export. Additionally, relatively low gas prices in Canada made Canadian natural gas more competitive, while extremely cold weather in parts of the U.S. increased demand for heating. At the same time, the value of Canadian natural gas exports fell by one-third in 2024, due to a sharp decline in export prices.
Exports accounted for 47.8% of Canadian gas production in 2024, a 2.6% increase from the previous year and a 3.5% rise compared to 2020.
Figure 1: Natural Gas Exports Volumes
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Source: CER Commodity Tracking System Statistics: Gas – Monthly Summary for Year
Text Alternative: This figure shows yearly and monthly natural gas exports over a five-year period (from January 2020 to December 2024), in billion cubic feet per day and million cubic metres per day. For the latest export volume data, including updates and revisions, please see the Commodity Statistics page.
In 2024, Canada transported 99.9% of its exported natural gas via pipelines, all of which flowed to the U.S., with volumes varying across U.S. regions. Of Canada’s natural gas exports to the U.S. in 2024, 45.8% went to the Midwest, 41.2% to the West, and 13.0 % to the East. Compared to 2023, exports to the Midwest rose by 8.1%, to the West by 2.3%, and to the East by 32.6%.
Figure 2: Export Volumes to U.S. by Region
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Source: CER Commodity Tracking System Statistics: Gas – Propane and Butanes – Historical Summary by Region
Text Alternative: This figure shows yearly and monthly natural gas exports over a five-year period from Canadian provinces to three U.S. geographical regions: the U.S. West, U.S. Midwest, and U.S. East in billion cubic feet per day and million cubic metres per day. For the latest export volume data, including updates and revisions, please see the Commodity Statistics page.
In 2024, the average price of natural gas exported was $2.49Footnote 2 per Gigajoule (GJ), down from $4.04 per GJ in 2023. The total value of these exports $8.9 billion in 2024 – a 33.3% decline from the previous year.
Figure 3: Natural Gas Export Values
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Source: CER Commodity Tracking System Statistics: Gas – Monthly Summary for Year
Text Alternative: This figure shows yearly and monthly export values over a five-year period in billion dollars per year. For the latest exports data, including updates and revisions, please see the Commodity Statistics page.
Whereas over 99.9% of Canadian natural gas exports went to the U.S. in 2024, Canada will begin exporting material volumes of natural gas to countries beyond the U.S. in 2025. This change comes with the expected startup of LNG Canada, a new LNG export facility in Kitimat, British Columbia.
For more information on the Natural Gas trade in Canada please visit the Natural Gas Trade Summary.
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