STUDY NO. 195 MAY 2021 - CANADIAN NATURAL GAS MARKET SUPPLY AND

In the past decades, the quantity of unconventional natural gas production has increased significantly in the US. [...] As the next few years will be pivotal in the industry's future, the key question is: Considering the vast gas resources in Canada, is it possible to unlock the full economic potential of Canadian natural gas by incorporating new opportunities into the market? This study focuses on different strategies that can potentially enlarge Canada's natural gas market. [...] In this regard, CERI identifies four areas that can contribute to the additional natural gas demand, including: the retirement of coal-fired power plants, new petrochemical facilities, new liquefied natural gas (LNG) plants, and decarbonization of energy systems with hydrogen that is made from natural gas with carbon capture and storage (CCS). [...] Since natural gas is the main feedstock for hydrogen production in SMR, this displacement contributes to the additional natural gas consumption of about 2.9 bcfpd by 2050. [...] Source: CERI This study also examines the economic impacts of the additional natural gas production on the gross domestic product (GDP), taxes, employment, and labour income in the analysis period of 2021-2030.