Western Canadian natural-gas producers should gird themselves for lower prices should they be unable to reach a deal with TransCanada Corp. for shipping on its Mainline pipeline system, analysts and industry members say.Citing a lack of interest, TransCanada announced this week that it was discontinuing its offer to producers to move natural gas on the Mainline – from Alberta to the Dawn hub in Southern Ontario – for about half the normal shipping rate. What stopped a bigger buy-in: Shippers were asked to sign a decade-long contract, a commitment much longer than the industry norm, and some producers were concerned that …
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