Natural gas giant seeks to boost demand, lower emissions through fuel station deal yyc yycbiz Column by ChrisVarcoe:
Rose said the Calgary-based producer isn’t moving away from its core production business, as Clean Energy Fuels will operate the stations.“It makes us a little money. Does this make as much money as liquids-rich Montney horizontal ? No. But does it make money? Yes, and it’s a really important thing to do and it’s about reducing emissions now.”
According to the partners, CNG-powered vehicles generate about 20 per cent fewer CO2 emissions than diesel trucks. Consumers can save up to 50 per cent compared to retail diesel prices on an energy equivalency basis, although the vehicles are more expensive to buy. “We are going to have electric trucks. We are going to have a lot of CNG trucks, and we are looking at every technology that’s available,” he said.
In 2019, gasoline accounted for about half of all fuel used in Canada’s transportation sector, followed by diesel at 28 per cent and natural gas at five per cent, according to the International Energy Agency.
Tourmaline has also been a major promoter of liquefied natural gas in Canada, which would create another source of global demand.Article content Guests watch a video detailing the announcement of a $70-million joint development agreement between Tourmaline Oil and Clean Energy to build CNG stations in Western Canada. The announcement was made in Calgary on Tuesday, April 18, 2023.Natural gas producers are seeking to uncover new markets for their resources as output increases.
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