hot off the press
LNG Canada needs more montney gas
Natural Gas – Trican, LNG Canada “can always buy the gas” from other NE BC players
We couldn’t help note Trican’s comments on LNG Canada especially their comment that
“LNG Canada is point seven of a BCF a day, short on their commitments. And, of course,
they can always buy the gas from other, other companies operating in the basin. So be
careful not to imply too much from that information.” Trican didn’t blame it on the lack of a
BC/Blueberry River First Nations deal, but, in their Q2 call on Wednesday, highlighted how
the lack of drilling in the NE BC Montney area. However, Trican also hinted that something
may be happening to allow more drilling. (i) Trican didn’t blame the lack of BC deal for the
lack of drilling so far, but kind of hinted something may be happening as they expect LNG
drilling to nothing but increase. It’s vague but we are hopeful. Mgmt said “It's important to
note, LNG activity has started in the field from a drilling perspective, I think we're I think we're
all expecting LNG facility and get them out to be on stream, I think in 2025 and the drilling
activity now has sort of officially started and from what we understand LNG Canada is behind
on their gas production and so we expect that as the months go by the LNG related drilling
activity will do nothing but increase.”
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