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Lonely Gas Surplus Seeks Long Term Overseas Relationship

Plenty of new natural gas shale reserves have been discovered in Western Canada. In British Columbia (BC) there are four basins (Horn River, Montney, Liard and Cordova) with estimated reserves in place exceeding 1,200 Tcf. Drilling in these basins is constrained by low natural gas prices, limited infrastructure and lack of market demand. Before any of these shale plays can be developed fully, producers have to find new markets for their gas that can justify the investment. Today we review West Coast LNG terminals planned to reach new markets in Asia.

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