Newsletter: Montney leads the way for gas. And we have more. . . .

Our newsletter: 28 September 2023

Montney map

B.C. natural gas: Montney leads the way

The Montney natural-gas play in B.C. and Alberta continues to dominate drilling activity, production, and growth in gas reserves.

This from the B.C. Energy Regulator, which notes that in the last five years, gas production in B.C. has increased 40.2%.

The regulator’s new report says B.C.’s estimated remaining raw gas reserves increased 18.3% in 2022, due to added Montney development wells. Of 374 wells drilled in 2022, all but one well were drilled in the Montney.

B.C. had 9,988 producing wells in 2022 — 9,196 gas wells and 792 oil wells. Of the 9,988 wells, 5,277 were producing from the Montney formation.

The report also notes that 2.687 megatonnes of carbon dioxide had been sequestered as of December 2022, and acid-gas disposal has diverted the atmospheric release of 8.822 megatonnes of sulphur dioxide.

Net-zero LNG requirement challenged

The Business Council of B.C. has raised concerns about a B.C. government move to require new LNG projects “to have a credible plan to achieve net-zero emissions by 2030 in order to proceed through the environmental assessment process.”

The province says: “This new requirement will help ensure that proposed LNG facilities meet the Province’s condition that LNG development fits within B.C.’s legislated climate targets.”

Among other things, the business council argues: “The addition of a net zero plan as conceived will slow the environmental assessment process and conflict with earlier assurances the new EA regime would streamline, not complicate, review processes.”

Proposed LNG facilities in B.C. include the Haisla Nation’s Cedar LNG project and the Nisga’a Nation’s Ksi Lisims project.

The net-zero requirement is in the government’s Net-Zero New Industry Intentions Paper. That is part of its New Energy Action Framework, which followed its CleanBC Roadmap to 2030, which was issued in October 2021.

The business council has also ripped that Clean BC Roadmap, saying:

  • “The aggressive timelines outlined in CleanBC should be judged in relation to the reality that doing so means the average household in British Columbia will experience an $11,000 reduction in income over a relatively short period of time.”
  • “The topline result is that the government’s own modelling finds that CleanBC Roadmappolicies will result in B.C.’s economy being $28.1 billion smaller in 2030 than would be the case in the absence of its additional policies.”

The business council’s full report: https://ow.ly/7b2t50POXej

Indigenous clean-energy news

 ALSO IN THE NEWS

  • Will BC have enough power for proposed projects, from LNG plants to hydrogen facilities? https://ow.ly/hHoB50PNv3t
  • Canadian resources support Indigenous communities — one of six reasons why the sector is critical for Canadian prosperity: https://ow.ly/GmU650PMtl8
  • Canada Energy Regulator seeks a new commissioner. Indigenous applicants are among those who may be given preference. https://ow.ly/7SIU50PMiq5
  • From TC Energy: Natural gas is vital in our journey towards a more sustainable future. Why natural gas matters: https://ow.ly/QhBt50PMLIR
  • LNG Canada donates last $900,000 needed for new CT scanner for Kitimat Hospital: https://ow.ly/QNTR50PPb8Q
  • Video: How First Nations and Métis are increasingly becoming owners of oil and gas projects: https://ow.ly/6a4s50POXwi

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2024

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(Posted here 02 October 2023)

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