Natural gas acts as an essential aid to energy security and, due to its characteristics, can have an important role when it comes to progressively lowering the GHG emissions linked to energy production. Of the fossil fuels, it is the one with the lowest carbon footprint and is currently the third energy source in the world, with a wide range of uses and solutions that enable its emissions to be further reduced.
Mainly made up of methane, gas is an abundant resource with global reserves of more than 200 billion cubic metres compared to global annual consumption which is equal to 4 billion. Its wide availability is coupled with a relative ease of transportation, ensured by a widespread network on land via pipelines and by sea in the form of liquefied natural gas, which promotes security of supply. Its versatility makes it a primary source of electricity and for domestic and industrial heating, as well as an increasingly used fuel in the mobility sector.
Natural gas is also a raw material for the production of hydrogen and for the chemical industry, which uses it in crucial processes.
Valeura Energy Inc (TSX:VLE) is an upstream oil & gas company, with a clear strategy to add value for shareholders. The Company has a strong balance sheet positioning it for potential inorganic growth opportunities in the near/medium-term, and substantial longer-term upside potential through an operated deep, tight gas play.
