After the Canada Energy Regulator (CER) in February denied requests to extend TC Energy's temporary service protocol (TSP), which was conceived as a short-term fix for AECO-NIT gas price volatility, the market fretted over the threat of a return to the volatile pricing blowouts of 2018 and 2019, in which AECO-NIT traded negative on multiple occasions. Fueling that anxiety was a delayed timeline for much-anticipated expansions on TC Energy's Nova Gas Transmission (NGTL) system, a project designed to add capacity to a system vulnerable to bottlenecks. But our view of Canadian gas production and its likely trajectory ... (full story)