Mr. Speaker, the North American supply and demand of natural gas should be a real concern to consumers because of the potential for price spikes over the winter months. There is enough supply in the ground for the long term but what we need from the government is a commitment to a transparent and consistent approach to regulatory policies and principles, one that encourages investment and allows the industry to bring known reserves to market to meet the growing demand and provide price stability and avoid a short term supply crisis.
The construction of the Mackenzie Valley pipeline is crucial for the supply of natural gas in this country. I encourage the government to do whatever it takes to move this project forward.
The Canadian Gas Association is recommending a national round table for the natural gas industry which would help maximize the potential of this strategic resource. I would encourage the government to assist the industry with the creation of this round table and participate where appropriate.