Canadian natural gas exports to the United States for the seven years ending in 2014 are down significantly because of U.S. shale production, a regulator said. The National Energy Board said in a market snapshot natural gas exports are down dramatically. For the eastern United States, exports are down more than 65 percent for the seven years ending 2014. For the market in the U.S. Midwest, natural gas exports are down nearly 23 percent through 2014. “Rapid development of unconventional gas projects has increased U.S. natural gas production,” the NEB said. “As a result, natural gas exports from Canada to the U.S. have been decreasing.” NEB said pipeline revisions have shifted exports away from Midwest markets as well. Canada relies heavily on export revenue from oil […]