Natural gas discovery excites Quebec about possibility of becoming self-sufficient
Wed Apr 2, 6:11 PM
By Ross Marowits, The Canadian Press
MONTREAL - Quebec may be known for its massive hydroelectric power, but a new discovery of natural gas along the St. Lawrence Lowlands has generated excitement that the province will expand its clout as a Canadian power producer.
"This now potentially over a long period of time puts Quebec in the position that it could become self sufficient in gas," Michael Binnion, president and CEO of Questerre Energy Corp. (TSX:QEC), said in an interview.
MONTREAL - Quebec may be known for its massive hydroelectric power, but a new discovery of natural gas along the St. Lawrence Lowlands has generated excitement that the province will expand its clout as a Canadian power producer.
"This now potentially over a long period of time puts Quebec in the position that it could become self sufficient in gas," Michael Binnion, president and CEO of Questerre Energy Corp. (TSX:QEC), said in an interview.
His company is one of the partners of Forest Oil Corp. (NYSE:FST), which Tuesday announced a significant gas discovery in the Utica shale between Montreal and Quebec City...
http://ca.news.yahoo.com/s/capress/080402/business/st__lawrence_gas
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