The Canadian Energy Research Institute (CERI) has published a comprehensive report on the Economic Impacts of Natural Gas development within Yukon Territory.
The CERI report delves into the hot topic of natural gas production in the Yukon. The territory, until recently had been a producer of natural gas through its Kotaneelee gas field in the Liard basin. EFLO Energy Inc. would like to restart production.
The key findings of the CERI report:
Interestingly, the Lax Kw’alaams First Nation and the Pacific NorthWest LNG consortium have reached a tentative benefits agreement that provides $1.15B in benefits to the First Nation over 40 years in exchange for their support to build a pipeline and LNG terminal near Prince Rupert BC.
The CERI report shows huge benefits to natural gas development in Yukon.
The Lax Kw’alaams First Nation in BC and the Pacific NorthWest LNG were able to iron out their differences to allow a huge LNG project to proceed.
It is logical for parties (proponents, governments) to hammer out agreements so that natural gas development occurs in Yukon.