VICTORIA – As Bc struggles to produce a proposed liquefied natural gas industry, a brand new report suggests the difficulties do not have anything related to a lack of supply.
A National Energy Board report released through the province on Wednesday said natural gas resources in northeastern B.C., are trillions of cubic feet greater than initial estimates.
The study centered on the Liard Basin, an enormous region of northeastern B.C., Yukon and Northwest Territories.
The report said 848 trillion cubic feet of natural gas lies under B.C.’s portion of the basin, up from the previous estimate of 210 trillion cubic feet.
A release from the Secretary of state for Natural Gas Development asserted pushes the province’s total natural gas potential above 3,400 trillion cubic feet.
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“British Columbia’s resource potential is a competitive advantage over many other parts of the planet,” said Minister of Natural Gas Development Rich Coleman.
“This report shows our long-term prospects are stronger than before which the Liard Basin can make economic activity and jobs in our province for a very long time in the future,” he said in the release.
News from the increased stores came as truckers and other LNG advocates across northern B.C., prepared for simultaneous rallies on Wednesday in Terrace, Fort St. John and Fort Nelson.
Rally organizers hoped the demonstrations would reveal strong support for the North american LNG project.
It remains promising, but faces uncertainty before the completing an eco assessment, and consortium leader Petronas activly works to resolve environmental concerns along with other issues with First Nations.
Based on the new NEB report, ministry calculations show that extraction of just 20 per cent of available natural gas will sustain future development and LNG exports in B.C. for the following 160 years.
