The role of liquefied Natural Gas has been the focus of discussion in the debate over alternative energy sources for the island of Newfoundland and Labrador. A number of proponents of a natural gas solution have argued that Natural gas can piped to the island at a significantly lower cost than a power line from Labrador
There is not shortage of supply. The three producing fields are re-injecting or burning off natural gas that could be used to drive turbines to generate electricity in this province. 5.34 Trillion Cubic feet of recoverable Natural Gas has been identified.
According to Memorial Engineering professor Dr. Stephen Bruneau , the CCG equivalent in excess of 2600MW of power is produced in associated natural gas at the existing offshore production facilities- that he is says is greater than the entire capacity of island generation, greater than the prospective capacity of the lower Churchill. Here is a link to Dr. Bruneau's latest data on producing electricity from natural gas for the island of Newfoundland which he presented in March 2012.
While we debate the cost and technology, Conservative NaturalResources Minister Joe Oliver is trumpeting Canada’s liquefied natural gas industry.
Newfoundland and Labrador also has the potential for natural gas development in the future. Why are we not leading the LNG race, instead of risking being bypassed? The government and industry has studied the technical and economic aspects of developing a pipeline or LNG industry.
As indicated by the demand in Asia, a lot has changed in ten years.
The potential investment represents billions of dollars in industrial development and insular supply of energy.
Obviously there are sufficient supplies of natural gas to meet the long-term energy demands on the Island? If BC & Alberta see the opportunities, why can't we? Is the big barrier that Muskrat has become an industry on to itself?
Makes one wonder if we are putting all our eggs in one basket based on on old ideas.