Nova Scotia’s premier is in Europe this week to promote the province’s energy sector and opportunities for offshore natural gas exploration and development. Premier Tim Houston is scheduled to meet with executives of leading energy companies in London and Milan during the four-day trade mission. “Nova Scotia has so much to offer the energy sector in today’s competitive global economy and developing our own offshore natural gas can unlock significant economic opportunity for our province,” said Houston in a news release from the province. “Our proven oil-and-gas-rich reserves, along with our strategic location to key markets and skilled workforce, mean Nova Scotia can offer energy companies the whole package, which will provide good-paying jobs for Nova Scotians, growth for local businesses and long-term investment in our communities.” Canada and Nova Scotia jointly manage offshore energy development through the Canada-Nova Scotia accord acts, including offshore clean energy. A call for bids for offshore natural gas exploration and development across 13 shallow and deep-water parcels, in and around the Sable Island area, was opened in July by Nova Scotia’s offshore energy regulator. “The Province has had successful offshore natural gas projects, including the Deep Panuke Offshore Gas Project and Sable Offshore Energy Project, that created hundreds of jobs and generated billions of dollars that helped build schools, hospitals and roads and fuelled the provincial economy for more than 20 years,” reads the release. The province says Nova Scotia’s offshore oil and gas sector has attracted some of the largest oil and gas companies from around the world. For more Nova Scotia news, visit our dedicated provincial page
