The History of Turmaline

This week Michael (Mike) Rose, Chairman, President, and Chief Executive Officer of Tourmaline joins us as our guest. 

Tourmaline made some exciting announcements last week. First, they announced a partnership on a compressed natural gas (CNG) fueling station network across Western Canada to enable heavy-haul trucks to get off diesel.  The company also announced that they plan to double the amount of gas they ship as LNG by 2026. 

Here are some of the questions that Jackie and Peter asked Mike: How have Western Canadian gas producers survived low gas prices? Why is Tourmaline investing in natural gas stations for heavy-haul trucking now, considering it still has GHG emissions? Has Tourmaline reduced its environmental footprint, including greenhouse gas emissions? How challenging is it to achieve the federal government’s goal of reducing oil and gas emissions in the range of 40 to 45 percent by 2030? Are you exporting LNG to international markets today? Can Canada compete with the U.S. to supply gas to LNG export terminals on the U.S. Gulf Coast? How much WCSB gas could ultimately be shipped off Canada’s West Coast?  

Other information referenced in this podcast:  

• Alberta Government’s aspirational plan to reach net zero by 2050 “Alberta emissions reduction and energy development plan.” 
• Global News (April 18, 2023) “Tourmaline, Clean Energy Fuels to partner on natural gas fueling station network.” 
• Bloomberg (April 18, 2023) “Tourmaline Aims to Double Portion of Gas Shipped as LNG by 2026.” 

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To see a transcript of this podcast, visit the link (scroll part way down the page):
Canadian Natural Gas Has Gone Global: An Interview with Mike Rose from Tourmaline (arcenergyinstitute.com)

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