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The province
Search closer to home if you want to discover some of the biggest opportunities emerging from British Columbia’s natural gas boom, the Vancouver Board of Trade heardWednesday.
Executives from FortisBC and Spectra Energy told board members that the North American gas glut can fuel a revolution in domestic transportation as well as revive the continent’s struggling industrial sector.
“I travel a lot to the United States and it seems like every day there’s another article on the revolutionary impacts that the natural-gas sector is going to have on the U.S. economy,”Doug Bloom, president of Spectra Energy Transmission West said at a board luncheon.
“B.C. has truly huge natural gas resources. We’ve got over 100 years of supply at current production rates and, according to the National Energy Board, British Columbia production has the potential to exceed Alberta production possibly later this decade.”
A proposed multibillion-dollar liquefied natural gas (LNG)export industry has captured the attention of the province in recent months, but B.C.’s opportunity is “more than just LNG,” Bloom added.
“The combination of huge supplies and relatively low prices has produced something of an industrial renaissance in the U.S. and there’s really no reason that it can’t occur here.”
Opportunities for power generation, cheaper and more environmentally friendlytransportation, and fertilizer, chemical and plastics manufacturing will abound in the domestic economy because of an abundance of gas as a feedstock, he said.
“By shifting 25 per cent of current energy use from coal to natural gas, Canada and the U.S. could meet their national emissions (reductions) targets.
“Gas in transportation is also an important opportunity. A company called PIRA, PetroleumIndustry Research Associates, a prominent consultant, said that gas demand in large trucks and fleet applications in the United States could reach 14 (billion cubic feet) a day by 2030.
“That’s about equal to Canada’s current gas production.
“That could reduce diesel demand by up to two million barrels per day or more through a mix of LNG and compressed natural gas applications.”
John Walker,president and CEO of FortisBC, suggested that a “long term, low price, low cost environment for natural gas” could revive mothballed or financially ailing industrial operations in the province.
“There are brownfield sites — former industrial sites, wood producers, pulpwood manufacturers — where we have infrastructure in place right now and with some modest additions can drive further use,” Walkersaid.
FortisBC is also bullish on promoting gas for transportation, particularly for large trucks and other vehicles that use diesel fuel.
The gas utility is investing $104 million to incent changes in the transportation sector, particularly conversions of big trucks to natural gas.
They’ve already recruited the province’s largest trucking company, Vedder Transport, and they’re targeting otherpublic and private sector companies with the intent of getting 1,500 vehicles running on gas by 2017, up from 320 in 2012.
“From an environmental point of view … about 40 per cent of our carbon emissions are really driven by transportation. So there is tremendous opportunity to reduce that.
“Using natural gas for some of these vehicles would see about a 30-per-cent reduction in GHG emissionsalong with other particulates … and it has tremendous economic benefit in the context of about 40-per-cent lower cost than diesel at current prices.
“These prices will ultimately filter their way back through the economy.”

Buscar cerca de casa si quieres descubrir algunas de las mayores oportunidades que surgen de boom del gas natural de la Columbia Británica, la Junta de Comercio de Vancouver...