« The hydrocarbon sector, an interesting opening from the Government » - Michael Binnion, president of the Quebec Oil and Gas Association

QUEBEC, Oct. 9, 2013 /CNW Telbec/ - The Oil and Gas Association of Quebec (QOGA) welcomes the announcement yesterday by the Government in regards to hydrocarbon development. In particular, the goal of greater energy independence without losing respect for the environment.

Hydrocarbon imports supply the majority of Quebec's energy needs. The annual bill for hydrocarbon imports is equal to the budget for education for the entire province of Quebec. The Government has recognized that importing hydrocarbons means exporting money, exporting high quality jobs and exporting control over the environmental impacts. The solution is in a better balanced energy diet and greater energy independence. The Association is excited to cooperate and support the Government's goals in these areas.

"As we approach the 5th Annual QOGA Conference, we are pleased to note that these statements echo the various topics that will be addressed at our event. The conference is a must attend event for anyone who wishes to learn about the projects being discussed by the Government. QOGA believes it is important to understand both the discovered and the undiscovered hydrocarbon potential of the province. We will also have experts speaking on the Norwegian and Alberta Government royalty models. In addition experts will talk about the new technologies that improve protection for the environment. Quebecers need this information so they can make an informed decision over their energy future" said the President of QOGA, Michael Binnion

The Quebec Oil and Gas Association believes that future exploitation of hydrocarbons in Quebec will be important to economic development, create more jobs and provide stability in Quebec energy supply. QOGA was created to encourage dialogue about the potential of a new oil and gas industry in Quebec.

The Association will hold its 5th Annual Conference on October 27th and 28th at the Sheraton Montreal Centre. For more information, please visit our website at the following address: http://www.apgq-qoga.com/.

SOURCE: Quebec Oil and Gas Association (QOGA)

For further information:

Marie-Chantal Domingue
[e-mail]
418 261-2941