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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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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