Alberta
The Full Montney: Massive Montney Play Ramping up With Canadian LNG Exports on the Horizon
Photo courtesy Tourmaline
From the Canadian Energy Centre
‘LNG is in greater demand than ever before and continues to drive economic growth and enhance energy security across the world’
The massive Montney natural gas play in Alberta and B.C. is growing in importance as world liquefied natural gas (LNG) demand surges and Canada nears completion of its first LNG export project.
The Montney – which rivals the Marcellus, the largest natural gas play in the U.S., for available resources – has seen more than $16 billion worth of ownership deals in the last two years, according to Evaluate Energy.
But the play is still in its early innings, say analysts with RBC Capital Markets.
That’s good news for LNG, where the world needs more supply over the long term.
“LNG is in greater demand than ever before and continues to drive economic growth and enhance energy security across the world,” said Joseph McMonigle, secretary general of the International Energy Forum (IEF).
Based in Riyadh, Saudi Arabia, the IEF represents energy ministers from 72 producing and consuming nations including Canada, the United States, China, India, Germany and the United Kingdom.
After reaching a record 390 million tonnes in 2022, world LNG demand is expected to grow by another 25 percent to 500 million tonnes annually in five years, according to a new IEF report.
While Canada currently ships a small amount of LNG overseas by shipping container, it has yet to export any large quantities by LNG ocean carriers. This will change with the completion of the $18 billion first phase of the LNG Canada project, expected by 2025.
The recently completed Coastal GasLink pipeline will carry natural gas from the Montney play to the terminal.
Coastal GasLink will result in a step change in how natural gas is produced, shipped and priced in western Canada, RBC said.
Its initial capacity of 2.1 billion cubic feet per day can be increased to 5 billion cubic feet per day with additional compression facilities along the route. And through the less-than-a-kilometer long Cedar Link connector, Coastal GasLink would feed the proposed Cedar LNG project, led by the Haisla Nation.
Montney gas will also supply the Woodfibre LNG project and is planned to feed the proposed Ksi Lisims LNG project, led by the Nisga’a Nation.
The Montney now provides roughly half of Canada’s existing natural gas production, or about 10 billion cubic feet per day, RBC said.
Analysts predict that by 2030, roughly two thirds of all natural gas wells in western Canada will target the Montney play, producing about 18 billion cubic feet per day by the end of this decade.
From the YouTube channel of Alberta Premier Danielle Smith
Members of the media join Premier Danielle Smith for a round table on January 21, 2025.
Yakk Stack By Sheldon Yakiwchuk
Prior to Trumps inauguration event and announcement was made that Trump would not be imposing the 25% tariffs…
Which means, Canada seriously dodged a bullet here.
And while the Liberals will most likely frame this as, their success in showing, Bad Orange Man, that they’re tough and ready to burn down what is left of our economy, throwing Alberta under the bus, first…through a nuclear option…
Premier Smith rode this challenge out like the true champion we knew that she would be.
It’s hard to say if this was a legality matter in the grander scheme…or if the 25% tariffs would have truly been as big of an impact on the US…
One thing is clear, however…
Smith was ready to go to the tables with the Trump administration and opt for diplomacy over threats…which should be what we expect from our leaders.
And should these 25% tariffs have gone through…I’m more than sure a Plan B would have been brought out in civil conversations, over screeching rhetoric.
“She’s treasonous”, they screeched.
“She’s supporting her friends in Oil and Gas”, they relent.
“She should put Canada first”, they echo…
And let’s just address these…
Is Walmart beholden to Campbells soup? Fruit of the Loom? Kraft?
Or does Walmart sell products that helps keep their doors open?
Walmart is not beholden to any product…just like Premier Smith isn’t. We have 26% of our GDP – the largest portion – owed to Alberta O&G, something that we have a limited trade partner with, due to the Liberal – Anti-Alberta/Anti-O&G/Anti-Pipeline attitude that wants to spend us further in debt with unreliable and expensive “Renewables”.
What does Alberta get from renewables?
A higher cost for energy, in an affordability crisis, created by the same people who continue to push them…sounds like a terrible deal, for Albertans, and something a true leader would Not Favor.
When Walmart sits down to hash out a deal with Heinz, are they committing treason because they haven’t shown their allegiance to their own, ‘Great Value’ brand Ketchup?
No…other provinces have their own industries and resources, which they are free to continue developing independent of the federal government, as is suitable and supportive of their own economies…Alberta isn’t competing with them, nor Canada as a whole.
Alberta through industry and resource, actually supports Canada through a grand imbalance on “Equalization Payments”…
As do we through paying 50% more into the Canada Pension Plan, than we actually get out of the Canada Pension Plan…to the tune of a $334 Billion Dollars.
And as for this “Team Canada”, horseshit…
The title Premier of Alberta, should hold some clues as to who Premier Smith should be advocating for…as she is the Premier of Alberta and Not the Prime Minister, nor leader in the Liberal Party that has created this fiasco, to begin with.
Rail, as they may…other provinces can’t cast a vote in her support, either way…
None of the other provinces, through Members of Parliament, nor through Premiers, came to support Alberta and our economy through a number of Federal Bills that railed on our provincial resources…
Worse yet…these hypocrites cash cheques from our province, while telling us how to diversify our economy…to which I’d state one thing unequivocally…
If we wanted to be a Have Not Province…like you are…we’ll come and ask you for your advice.
Until then…
I’ll hold my Alberta Flag Higher than my Canadian…
And be proud today, of having the only Premier in the country of Canada, worthy of any praise today!
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