Canada is the world’s fifth largest producer of natural gas with an annual production of 5.4 trillion cubic feet in 2014. There are four main sectors that account for the usage of Natural Gas in Canada.
Industrial “Natural gas accounts for about 44 per cent of the energy used in the industrial sector. Industrial customers prefer natural gas because it is readily available and provides heat for industrial processes, such as manufacturing steel. It is also a key feedstock for the chemical and fertilizer industries”
Residential “Natural gas is the single-largest form of energy used in Canadian homes. More than six million homeowners use natural gas to heat their houses and their water. Canadian homes are also enjoying the benefits of increasingly efficient natural gas furnaces and appliances.”
Electrical Power “Natural gas currently provides 10 per cent of Canada’s power generation, and because it can be delivered and scaled quickly as appropriate, it is an excellent partner for renewable power sources such as wind and solar.”
Transportation “Heavyduty natural gas trucks and buses can reduce greenhouse gas (GHG) emissions by 20 to 30 per cent.” Source: NRCan
Emerald Bay Energy has transitioned from a research and development entity to exploration and production of natural gas in Central Alberta, check our their Investor Group on 8020 Connect to become informed on this great company.
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