Canada has a compelling opportunity to simultaneously improve the global atmosphere, materially build our overall economy, and contribute to growing First…
The foundation of our modern civilization has been built upon abundant and inexpensive energy. The world’s energy stack continues to ‘transform’ between sources in an effort to systematically improve efficiency, economics, and emission profile to provide energy for our planet’s growing population. Part of that transformation is a rapidly growing ‘transition’ to natural gas envisaged for the next several decades.
There is obviously a major economic win associated with the initial pipeline and liquefaction facility construction required for LNG projects. The additional carry-on economic win from resource development however is the requirement to continually provide supply to sustain LNG volumes for the 30-plus year life of these projects. A 4.0 bcf/day LNG export terminal will require approximately 1.5 bcf/day of new supply created every year to offset declines. This, in turn, requires approximately $3.
And this is a true net reduction for the world. The atmosphere has no borders so replacing coal with gas in China or India is a true 60 MT/year reduction for the world. The second key consideration is that our Canadian gas industry produces on average the world’s lowest-emission natural gas, and our leading clean-tech industry is allowing us to get cleaner, faster than anyone else.
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