04 September 2013 18:59 [Source: ICIS news]
“We would like to see a way in which the liquids are made available commercially,” David Podruzny, vice president of business and economics at Chemistry Industry Association of Canada (CIAC) told ICIS in an interview.
“We would like to see the information on the liquids made available so that commercial transactions can take place to exploit those liquids,” Podruzny said.
“So, rather than export all of the liquids in the natural gas, we would like to see some commercial access to bid for some of those liquids before they are exported,” he said.
Podruzny said that CIAC stressed the need for transparency on liquids in recent comments it made to
“We brought it to the attention of the regulator that the chemical industry is experiencing tightness in access to ethane [in western Canada], and therefore we would like to see some transparency so that [firms] can engage in commercial transactions to access ethane, or at least to bid for ethane before it is exported,” he said.
But Podruzny said that
“We need to move gas so that we can extract more wet gas from the deposits in western
Canada has always exported a large portion of its natural gas production to markets in the US, and as such Canada’s natural gas situation is different from that in the US where some chemical firms have come out in opposition to LNG export projects, he said.
Podruzny added that
At the same time, western
Podruzny said that a recent geological report even suggested that there could be as much shale gas in
“Of course, these things are a bit on the theoretical side, but we as a chemical industry association are excited about the size of the opportunity going forward,” he said.
A number of firms, including
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