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factor has absolutely nothing to do with the industry and business strategy of production and shipping to markets. By fluke of nature and geography, Canada is resource rich when it comes to natural gas. “We have a tremendous supply of natural gas,” says Pat Ward, CEO of Calgary’s Painted Pony Energy. “We have way more energy than we can ever consume for domestic use. It’s primarily in the Montney play, which is one of the largest gas fields in the world.” Susannah Pierce, director of corporate affairs with LNG Canada, adds, “Today, supply and demand for LNG is close to 300 MTPA with LNG under construction bringing supply up by another 50 MTPA. By 2030, supply will be closer to 320 MTPA based on existing supply declines. The challenging fact is that demand is predicted to be at over 500 MTPA.” In addition to the vast supply of available natural gas in Canada, she underscores other LNG positives. “Canada has a number of distinct advantages, especially for supplying the high demand of Asian markets. We are only eight to 10 sailing days away, unlike our competitors in the U.S. Gulf Coast and we don’t need to transit through the Panama Canal. It’s also vitally important that Canada has a supply of highly-qualified skilled labour, locally, within British Columbia and within Canada.” The world’s timing is also working in Canada’s favour. Global attitudes about sustainability and reducing
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OCTOBER 2019 // BUSINESS IN CALGARY // BUSINESSINCALGARY.COM