Expanding the natural gas industry is a key part of our plan to diversify Alberta’s energy sector.
Traditional markets in the U.S. are oversupplied. Low and volatile natural gas pricing has resulted in declining industry and government revenues. Additional pipelines to increase capacity or reach new markets face enormous regulatory uncertainty and delay.
LNG investment team
A liquefied natural gas (LNG) investment team has been created to work directly with industry to secure final investment decisions for export projects that will increase the value of Alberta's natural gas resources.
The investment team will begin meeting with industry leaders and other stakeholders immediately. They will report back to the Minister of Energy in early 2019 with potential actions that could be taken.
LNG investment team members
Greg Stringham is a well-known leader within Alberta and Canada’s oil and gas sector with an ability to connect industry, government and other stakeholders. For 20 years, he served as a vice-president with the Canadian Association of Petroleum Producers. He also spent six years with Alberta’s Department of Energy. He is currently the president of GS3 Strategies, where he advises companies and governments on strategy, governance and policy.
John Carruthers is an energy industry leader with extensive experience in business development, finance negotiation, commercial agreements, Indigenous partnerships, public and government affairs and regulatory approvals. He currently serves and the executive fellow for the University of Calgary School of Public Policy.
Natural gas advisory panel
The investment team builds on a key recommendation from the final report submitted by the Natural Gas Advisory Panel to address persistently undervalued natural gas and extreme price volatility due to transmission, storage and market access challenges.
The advisory panel, established in spring of 2018, received feedback and input from stakeholders across the natural gas sector to help inform advice and recommendations on getting the best possible value for Alberta’s natural gas resources.
The panel’s final report, Roadmap to Recovery: Reviving Alberta’s Natural Gas Industry, outlines 48 recommendations and 6 key outcomes that Alberta should aim to achieve:
- Improve market access for natural gas
- Encourage industry durability and long-term sustainability
- Reduce regulatory inefficiency
- Improve transparency and accountability
- Drive for continual improvement
- Implement practical government oversight
We are reviewing the panel’s recommendations.
Advisory panel members
Kenny is the former president and CEO of the Canadian Energy Pipeline Association (CEPA) where she worked with industry partners and key stakeholders to advance pipeline safety, operating excellence and effective policy. Kenny has extensive experience in energy regulation, sustainability and strategy development. Prior to joining CEPA, she spent a number of years with the National Energy Board where she provided executive leadership in policy, regulatory reviews and finance.
Kenny currently serves on a number of boards, including Emissions Reduction Alberta, and is board chair of Alberta Innovates.
Terrance E. Kutryk
Kutryk is the former president and CEO of Alliance Pipeline Ltd. He held this position from 2012 to 2017.
Previously, Kutryk served as senior vice-president of Midstream and Refined Products with Husky Oil Operations Ltd. Kutryk maintains an active management, commercial, operations and due diligence consulting practice.
Kvisle has over 35 years of experience as a leader in the oil and gas, pipeline and power industries. He served as CEO of TransCanada Corporation from 2001 to 2010, as president of Fletcher Challenge Energy Canada from 1990 to 1999 and in various management positions with Dome Petroleum.
After retiring from TransCanada, Kvisle returned to the upstream sector, serving on corporate boards and as CEO of Talisman Energy from 2012 to 2015. He currently serves as Chair of ARC Resources and as a board member of Cenovus Energy and Finning International.