National Economy

[James Bond Agent 007]

Newfoundland and Labrador's massive opportunity: $400 billion in natural gas

[...]

The first study of the basin assessed resources available within existing discovery and production licences. It estimated the areas contained somewhere between 8.1 to 11.3 trillion cubic feet of recoverable natural gas.

The second phase identified an additional 10.2 to 25.5 trillion cubic feet in adjacent and unlicensed areas.

Combining the results and the range of estimates, the studies have determined that the best estimate is likely 27.6 trillion cubic feet of recoverable natural gas.