Report increases British Columbia’s natural gas supply

Minister of Natural Gas Development Rich Coleman, seen here at the Gastech conference in Singapore, says that the Liard Basin can create economic activity and jobs in B.C. for a very long time to come.

Minister of Natural Gas Development Rich Coleman, seen here at the Gastech conference in Singapore, says that the Liard Basin can create economic activity and jobs in B.C. for a very long time to come.

A new assessment released today indicates British Columbia’s natural gas resources are larger than previously estimated.

The report focuses on the potential of the Liard Basin, a resource area within the boundaries of British Columbia, the Northwest Territories and the Yukon. The new estimate for B.C.’s portion of the Liard Basin is now 848 trillion cubic feet (tcf) of natural gas, up from the province’s previous estimate of 210 tcf.

“British Columbia’s resource potential is a competitive advantage over many other parts of the world. This report shows our long-term prospects are stronger than before and that the Liard Basin can create economic activity and jobs in our province for a very long time to come,” said Rich Coleman, minister of natural gas development.

This new resource estimate means B.C.’s total natural gas potential now surpasses 3,400 tcf. If industry were able to extract 20 per cent of B.C.’s total resource over the long-term, future development and liquefied natural gas (LNG) export operations could be sustainable for more than 160 years.

This is the first time the gas potential of the Liard Basin has been formally assessed as part of a joint study. The report, titled “The Unconventional Gas Resources of Mississippian-Devonian Shales in the Liard Basin of British Columbia, the Northwest Territories, and Yukon” can be found online: http://www.neb-one.gc.ca/nrg/sttstc/ntrlgs/rprt/ltmtptntlbcnwtkn2016/index-eng.html.

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