In 2023, Canada's natural gas distribution and transport pipeline industry posted decreases to operating revenues and expenses. Following a record high in 2022, prices for marketable natural gas experienced a decrease of 28.8% in 2023, contributing to the decline in revenue. However, production in 2023 saw its third consecutive year-over-year gain and reached its highest level. According to supply and disposition of natural gas data, marketable natural gas production rose 2.9% to 7.8 million terajoules in 2023.
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