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Natural Gas in Canada Procurement Price, Data and Insights
Natural gas is a type of fossil fuel, meaning it is a nonrenewable resource, that comes in liquefied (LNG) or compressed (CNG) forms. Natural gas is measured in British Thermal Units (BTUs) or per million BTUs. Suppliers provide natural gas to buyers for use in heating, cooking, and power generation, as well as for fuel in transportation and manufacturing fertilizers. Key buyers include consumers and commercial users.
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What’s included in this market coverage
IBISWorld's research coverage on the Natural Gas procurement and pricing environment in Canada includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Natural Gas market in Canada includes Liquified Natural Gas, Compressed Natural Gas, Renewable Natural Gas, Residential Natural Gas, Commercial Natural Gas, Industrial Natual Gas and Electric Power Natural Gas. Standard coding in this coverage includes HS-271121-Petroleum Gases And Other Gaseous Hydrocarbons; In Gaseous State, Natural Gas, ISIC-352-Manufacture of gas; distribution of gaseous fuels through mains, NACE-35.21-Manufacture Of Gas, NAICS-221210-Natural gas distribution and UNSPSC-15111511-Liquefied natural gas LNG.
What common market terminology is included?
Common market terminology included in the Natural Gas procurement coverage includes Fossil Fuel (A natural energy source that is mined for various uses. Fossil fuels include coal, oil, and natural gas.), Hydraulic Fracturing (A method of oil and gas extraction that involves pumping pressurized liquids underground to break apart natural oil reserves. Hydraulic fracturing may also be referred to as fracking.) and Federal Energy Regulatory Commission (FERC) (A government organization that regulates, monitors, and investigates energy use, including natural gas matters such as liquid natural gas terminals, electricity generation, natural gas transportation, and natural gas pipelines.).
What companies are included as top suppliers?
The top companies covered in the Natural Gas procurement report as suppliers are Tourmaline Oil Corp., Cenovus Energy (dba Husky Energy Inc.), ARC Resources Ltd., Fortis Inc. and Suncor Energy Inc..
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Natural Gas market in Canada category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per gigajoule, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Natural Gas market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Natural Gas procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Natural Gas market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Natural Gas market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Natural Gas?
The 2026 benchmark market price for Natural Gas is $1.97 per gigajoule. Prices have declined at a CAGR of -15.11 from 2023-26.
Who are the top vendors in the Natural Gas market?
The top vendors in the Natural Gas market include Tourmaline Oil Corp., Cenovus Energy (dba Husky Energy Inc.), ARC Resources Ltd., Fortis Inc. and Suncor Energy Inc..
What factors affect the price of Natural Gas?
Delivery destination significantly affects natural gas pricing due to transportation costs, regional demand and supply variations, and infrastructure availability. For instance, natural gas prices can be higher in remote areas or regions with limited pipeline access, compared to hub locations, where prices are lower due to more efficient transportation.
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