WHEREAS the singular energy policy direction of the Province of British Columbia is to export natural gas in significant volumes; AND WHEREAS Australia has already focused on the export of natural gas to the detriment of their domestic, business, manufacturing and institutional communities: THEREFORE BE IT RESOLVED that the Premier develop priority policies to ensure that the domestic supply for citizens, business, manufacturing and institutional needs will remain readily accessible and priced to be affordable.
Ministry of Natural Gas Development Minister Responsible for Housing British Columbia produces more natural gas than it consumes and in 2013, BC only used 14 percent of its natural gas. The province has enough natural gas resources estimated to be about 2,933 trillion cubic feet to meet domestic and global energy demands. If only 20 percent of this resource were recovered, it would be enough to support operations for more than 150 years. Natural gas will continue to be an important fuel for British Columbians, heating homes, powering industry and fuelling vehicles with fewer emissions than gasoline or diesel. The Province does not set natural gas prices; price is determined by the marketplace. Based on supply and demand, where there is an increased supply of a commodity in the market, it usually results in lower prices.