The province argues that can support development and the liquefied natural gas industry for more than 150 years.
A study by the National Energy Board, the B.C. Ministry of Natural Gas Development, the B.C. Oil and Gas Commission, and the Alberta Energy Regulator has assessed the B.C. portion of the Montney formation at 271 trillion cubic feet of natural gas. In total, the Montney is estimated to have 1,965 trillion cubic feet of gas available, including 449 trillion cubic feet of marketable natural gas, making it one of the largest gas resources in the world.
It is the first time the shale gas play’s potential has been assessed as part of a formal joint study.
The full report is available for download below.