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Ziff Energy and Gas Processing Management Inc. analyze the gas growth areas of the Western Canadian Sedimentary Basin in Alberta and British Columbia.
Calgary, Alberta (PRWEB) February 20, 2014
Ziff Energy, a division of HSB Solomon Associates LLC (Solomon), and Gas Processing Management Inc. (GPMi) are pleased to announce the launch of the Gas West for LNG Growth Study, which analyzes the gas growth areas of the Western Canadian Sedimentary Basin in Alberta and British Columbia as key suppliers of natural gas to the developing liquefied natural gas (LNG) facilities on the West Coast of British Columbia (Canada) and Oregon (United States).
The proponents of 16 natural gas liquefaction (NGL) and export facilities have applied to the Canadian National Energy Board for licenses to export gas volumes or have announced potential projects. More than 30 Bcf/d of natural gas feedstock may be required from a basin that currently produces 13 Bcf/da sizeable potential production, investment, and activity growth opportunity.
It is no longer the lower price of Canadian gas that will drive activity levels, said Bill Gwozd, P.Eng., Senior Vice President of Gas Services at Ziff Energy. Instead, it is the full-cycle cost of drilling and field exploitation, gas gathering and processing, gas transport to the West Coast, gas liquefaction, LNG tankers to Asia, and regasification for Asian gas utilities and industrials that will determine the ultimate volume of LNG that will be harvested from Canada. If the Canadian industry can manage the full-cycle costs of the LNG chain and compete on a worldwide scale, then Asia will consume as much LNG as we can reasonably deliver, says Gwozd.
The Gas West for LNG Growth Study will:
The Gas West for LNG Growth Study, the first step toward understanding natural gas as a specific product focus, will be released in the second quarter of 2014. This study is the fifth in a six-study series titled, Western Canada Gas Supply and Infrastructure Study, which are supported by 50 industry subscriptions and 25 different companies.
The four completed studies in the series are as follows:
The series sixth study, titled Western Canada NGL Supply and Infrastructure Growth Study Impact of LNG Development, will analyze similar issues related to NGL. This study will be available in the third quarter of 2014.
The completed studies provide important and timely analyses that detail the resource and optimize the development of the infrastructure for the gas growth regions in Western Canada from an independent and unbiased perspective, said Bob Child, P.Eng., Principal at GPMi and a study co-author. They focus on optimizing capital, reducing operating expenses, enhancing product recoveries, and shortening cycle times as if an industry team owned all the resources and assets.
The Gas West for LNG Growth Study is based on publicly available data sources; no data is requested from study subscribers. Due to the developing nature of the area infrastructure, Ziff Energy and GPMi may conduct interviews with operators of existing and developing infrastructure to ensure that the study uses the most current data.
Ziff Energy and GPMi will jointly analyze and develop the strategic analysis for the owners and operators of the LNG plants, production, and infrastructure, and for investors, governments, and interested parties to consider.
We believe that the Gas West for LNG Growth Study has the potential to support the industry in its efforts to effectively and efficiently develop an Asian-focused LNG supply, adds Bill Armstrong, P.Eng., Principal at GPMi. An integrated approach has the potential to decrease capacity overbuild and improve utilizations, increase the efficient use and overall effectiveness of the infrastructure, increase recoveries of the associated resources, and ultimately result in increased competitiveness of the Western Canadian basin on the North American and international markets. LNG purchasers consider several factors including the growth of LNG markets, the decline of existing LNG supply sources, diversification and reliability of LNG supply locations, and the delivered price.
Organizations or industry professionals can contact Bill Gwozd by phone at +1.403.234.4299 or by email at Bill.Gwozd(at)ZiffEnergy(dot)com.
About Ziff Energy
Ziff Energy, a division of HSB Solomon Associates LLC (Solomon), provides upstream performance assessment/improvement and custom consulting to the worldwide energy industry in more than 40 countries, and natural gas consulting services in North America. Solomon is the worlds leading performance improvement company for energy companies seeking to identify and close gaps in operational performance. Combining proven, patented methodologies with objective data analysis, and led by a team of oil and gas consultants steeped in hands-on operational experience, Solomon consistently helps clients with energy-intensive assets achieve greater efficiencies, enhanced reliability, and improved margins. Solomon is part of HSB Group, Inc. Learn more about Ziff Energy at http://www.ZiffEnergy.com. For information about Solomon, visit http://www.SolomonOnline.com.
About Gas Processing Management Inc.
GPMi, delivers industry leading solutions in the business of natural gas infrastructure to its clients around the globe. Located in Calgary, Alberta, Canada, the GPMi team has helped clients successfully manage and grow their natural gas properties and infrastructure assets; the highly experienced team provides specialized and industry leading expertise. For further information on GPMi, visit our website at http://www.GasProcessing.com.
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