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The province has large-scale reserves that are only beginning to be developed.

DragonflyProperties

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Hi all,

An article from the April 25th edition of the Vancouver Sun (Business BC). Excerpts:

British Columbia could rival Alberta as Canada`s largest producer of natural gas within 10 to 20 years, a Vancouver Board of Trade energy forum heard Friday.

EnCana Canadian Foothills division president Mike Graham said improved technology is setting off a "renaissance" of natural gas production in North America, and B.C. is poised to benefit from it.

The province has large-scale reserves that are only now beginning to be developed as a result of sophisticated new extraction methods. And they are coming into production at a time when natural gas is gaining favour as an alternative to heavier fossil fuels, Graham said.

He noted that B.C. is the only Canadian jurisdiction -- and just one of three in North America -- to record an increase in production last year. The others were Texas and Louisiana.

"The potential exists for natural gas production to grow in B.C. by a factor of two to three times in the next 10 to 20 years, challenging Alberta as Canada`s largest gas producer.


"Investment in the industry here is up to about $8 billion a year. Natural gas has become a significant component of B.C.`s diversified industry and export base, accounting for upwards of $4 billion a year."


http://www.vancouversun.com/business/proje...3342/story.html

Keith
 
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