Four companies plan to announce final investment decisions in the next year. Those projects include the Pacific Northeast LNG, Woodfibre LNG, Douglas LNG and Shell backed LNG project.
Those four plants would need 6.3 Bcf of natural gas a day. Geoff Morison of the Canadian Association of Petroleum Producers told platts.com, companies would need to drill 105 to 115 new wells a year to supply just 1 Bcf a day.
Rose told platts.com, ”Our aim is to double output [to 500,000 Mcf/d] over the next two to three years and emerge as a potential supplier for an LNG facility,” he said, adding Tourmaline has 2P (proven and probable) reserves of 4.34 Tcf in northeast Montney in British Columbia and the Deep Basin play in neighbouring Alberta.
Read more about this story, Major boost in gas drilling needed to supply Canadian LNG projects: officials