Natural gas has become one of the most coveted sources of energy in the world. Natural gas is considered to be an efficient source of energy that is a vital part to the world’s energy mix due to its release of relatively low levels of greenhouse gas compared to other carbon fuels.
Atlantic Canada has been a significant producer of natural gas, principally from production off the coast of Nova Scotia from the Sable and Deep Panuke offshore fields. However, both of these offshore gas producing fields were decommissioned. No on-shore exploration is taking place in Atlantic Canada. Natural gas is in seasonal production at the McCully natural gas field near Sussex, NB.
Existing Natural Gas Network
Throughout our region, natural gas is transported to market through pipelines and compressed for over-the-road transportation. In the international Northeast, the Maritimes & Northeast Pipeline runs from the Goldboro Gas Plant in Nova Scotia, through New Brunswick and into Maine, New Hampshire, and Massachusetts. Natural gas is transported through pipeline to both large, industrial companies, distributors and to small businesses and residences. [More]
Future Natural Gas Development
Natural gas production has soared in the United States, making it the largest producer in the world. This dramatic transformation from being dependent on coal, imported natural gas and other fossil fuels, has caused other regions to assess the development of shale gas resources as well. [More]
The ability to import natural gas using liquefied natural gas (LNG) represents an exciting new opportunity for the North American natural gas market. Prior to 2009 there were four LNG receiving (regasification) terminals in North America, all of which are located in the United States. Canaport LNG, a partnership between Repsol YPF and Irving Oil, is Canada’s first LNG terminal located in Saint John, New Brunswick. [More]