CALGARY, Alberta (Reuters) - The shifting outlook for North American natural gas supply as gas from shale deposits is developed will hinder plans to tap reserves in the Far North, the president of the Canadian Association of Petroleum Producers said on Tuesday.
Recent improvements in recovery technology are allowing companies to develop massive unconventional gas reserves in locations that are close to markets, such as Texas, Louisiana and British Columbia.
"You have to acknowledge the very different supply outlook in North America for gas has got to be a factor in, certainly, the timing at least of those (Arctic) projects," CAPP President David Collyer told the Reuters Global Energy Summit.
The multibillion-dollar Alaska and Mackenzie Valley gas pipelines remain in the planning stages amid regulatory delays and high costs.
(Reporting by Jeffrey Jones)
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