Natural gas will reduce fuel costs for your project. Over the past decade, natural gas fuel via LNG has provided significant cost savings over diesel and propane for our customers. With world-class resources in North America, the price of natural gas will remain stable over the life of your project, and will reduce exposure to federal carbon taxes.
In North America, natural gas is more affordable than both diesel and propane on an energy equivalent basis. Calculate the estimated cost savings of LNG in your operation.
North America has an Abundance of
Inexpensive Natural Gas
There are currently 800 tcf of natural gas that can be economically produced at a price of $3/mcf and 1,250 tcf at $4/mcf. Based on 2018 average demand, this will provide North America with 27 and 43 years, respectively, of inexpensive natural gas.
The price of LNG fuel is less volatile than the price of diesel and propane because there is significantly less commodity exposure - leading to enhanced risk-adjusted project returns.
Decreased Commodity Exposure Risk
The Government of Canada has introduced a federal carbon tax that will increase to $50 per tonne of CO2e emitted by 2022. The federal carbon tax is central to the Pan-Canadian Framework on Clean Growth and Climate Change. Natural gas releases less greenhouse gas (GHG) emissions than diesel and propane, therefore fueling with LNG will result in less carbon taxes paid, enhancing the economic benefits.