The Financial Post reports in its Saturday, May 11, edition the U.K.'s BG Group has unveiled plans to export the equivalent of one-quarter of Canada's current daily natural gas production from a British Columbia terminal starting in 2021. The Post's Jeff Lewis writes that BG has no reserves nearby. The contradiction of an exporter with no gas has emerged as energy giants BG, Imperial Oil, Nexen and Australia's Woodside Petroleum join the growing queue of companies willing to spend billions on liquefied natural gas projects in order to capture higher prices overseas. BG's $16-billion proposal to export up to 3.3 billion cubic feet of gas per day from a new terminal on B.C.'s Ridley Island, at Prince Rupert, brings to 10 the number of projects in varying stages of development. Five of them plan to export a combined 9.6 billion cubic feet of gas per day beginning in the second-quarter of 2015. The total is equivalent to about 68 per cent of Canada's daily gas production in 2012. With about 175,000 oil-equivalent barrels per day of production up for sale in public and private processes across Western Canada, "there's going to be large amounts of reserves" available for would-be buyers, says analyst Jeremy McCrea.