The Canadian National Energy Council jointly with the regulating agencies of Alberta and British Columbia have submitted the first research of evaluation of oil and gas resources of the shale formation Montney.
According to the report, the resources total 12,719 billion cub.m. of tank natural gas, 2,308 million cub.m. of tank liquefied natural gas (gas condensate) and 179,000,000 cub.m. (1,125 million barrels) of separator oil.
The above-mentioned gas resources could satisfy Canada’s consumption during 145 years and exceed the resources of the US Marcellus and Haynesville fields.
In 2012 gas production on Montney totaled 1.7 billion cub.feet a day – about 12% of total production in Canada of 13.9 billion cub.feet a day, reported http://slanceviy-glas.livejournal.com.--0---
Economics
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
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