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Home Energy News Oil and Gas industry pushes for more LNG exports

Oil and Gas industry pushes for more LNG exports

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Energy executives at an industry conference Monday in Calgary, claimed that Northeast B.C. shale fields contain more than enough natural gas, to feed the myriad of West Coast export terminals in the works.
However, some concede collaboration may be necessary, to ensure the gas makes its way across the Pacific in the most cost-effective way possible.

The Canadian Press quotes Michael Culbert, the chief executive of Progress Energy Resources Corporation, as suggesting the potential of the Montney or the Horn River, plus additional supplies of even conventional gas in Alberta and B.C, could support three or four projects at a total of four billion cubic feet a day.

Earlier this month, Progress announced a one billion dollar plus deal with a Malaysian energy giant, which is set to close during the third quarter.

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Meantime, Reuters News Agency says, with so many proposals now on the drawing board, Progress is pushing for a consolidated regulatory process, for pipelines and liquefied natural gas export plants.
It adds the big driver is the previously announced plan to build the billion-dollar LNG plant on the West Coast, to take all of the shale gas production from the partner’s lands, in the North Montney region.

 

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