Exporting natural gas from Canaport is where the real money is according to John Herron of the Atlantica Centre for Energy. He says because of shale gas development in North America, the business case for bringing natural gas in by ship is drying up but being able to export natural gas is a whole different story with prices in Europe and Asia alot higher.
Herron says 30 per cent of natural gas in North America comes from shale already and that is expected to increase to over half within ten years which he calls a real game changer.
He also estimates an export terminal at Canaport would be a 2.5 to 4 billion dollar investment.
