Canadian Natural Gas Potential Gaining Recognition
A sneak peek into the latest news about Canada's natural gas potential
Ever since the government of Canada has given a green signal to the Pacific Trail Pipelines expansion project that would lead to the increase in size of the pipeline to the total diameter of 42 inches now as compared to the 36 inches, the natural gas sector of Canada has been on the high swings regarding this approval. The project that would set to facilitate the transport of natural gas to the coast of Kitimat from Northeast British Columbia would facilitate in almost 36 percent of the total increase in the gas capacity that would be transported. The BC Environment Assessment Office while approving the project has also stated that the project would not impose any adverse effects on anyone.
The emerging projects
As soon as the news of approval reached the players of market who have invested in the natural gas system or owns a business in the same area, they introduced their plans to expand in the global market in order to mark Canada as an efficient country in the supply of the sources on the international front.
Still in pipeline
Though the approval of this project has drastically changed the fortune of the industries dealing in natural gas business, making it reach to new heights, an increase in the pace of the export projects for the LNG is also required in order to match up the levels of the international market. Also, the news of the other countries that have been advancing their gas projects and thus planning to have long term tie ups for supplying the gases could prove to be a great threat for the Canadian business.
Technical and logical feasibility
The task of building the entirely new infrastructure and piping system would take lots of time to convert the paper approvals in the existing project as the pipes would have to be set up through the lands that witness sensitive environment. Besides this natural challenge, the man controlled obstacle of building up the considerable amount of pipes that would be help to move the gas to its destination would also take a lot of time to accomplish for now.
Though the stabled economic and political conditions of the country along with the fact that the Canadian companies are free to own their reserves marks a great scope of development with this approved project, an ample amount of investment would be required by the industrial as well as government sector to ensure that besides the extraction, the supply of the gas is also facilitated in a well organized manner