Quicksilver Resources Canada Inc. announced that it received approval from the Canadian National Energy Board (NEB) to export up to 20 million tons per year of liquefied natural gas from its Discovery LNG site located near Campbell River, British Columbia, for a period of 25 years.
“We have decided to issue a Licence to Quicksilver,” reads the statement, “subject to the approval of the Governor in Council, to export natural gas… Our role, under section 118 of the NEB Act, is to assess whether the liquefied natural gas (LNG) proposed to be exported does not exceed the surplus remaining after due allowance has been made for the reasonably foreseeable requirements for use in Canada, having regard to trends in the discovery of gas in Canada.”
“In fulfilling this mandate, we recognize that Canadian natural gas requirements are met in the context of free trade within a North American energy market. Depending on regional characteristics, exports and imports contribute to either gas supply or gas demand. It is in this context that we consider whether the Surplus Criterion in the NEB Act is satisfied.”
“We have determined that the quantity of gas proposed to be exported by Quicksilver is surplus to Canadian needs. The Board is satisfied that the gas resource base in Canada, as well as North America overall, is large and can accommodate reasonably foreseeable Canadian demand, the natural gas exports proposed in this Application, and a plausible potential increase in demand.”
Quicksilver Resources Canada Inc. is headquartered in Calgary, Alberta, and is a wholly-owned subsidiary of Quicksilver Resources Inc., based in Fort Worth, TX.