Canada possesses large reserves of oil and natural gas, and is a net exporter of both. Currently, almost all of our exports go to one customer: the United States. Diversifying our markets would enable Canada to get better prices for our products while taking advantage of growing markets in places like China and India. This infographic shows why Asian markets represent a significant export opportunity for Canada, provided we can build the pipelines and marine transport infrastructure to get our resources there.
The Asian Market Opportunity
Increasing energy demand in Asia is an opportunity for Canadian exports
Other Articles That May Interest You
While other countries increased GHG-emission-causing flaring activities, Canada’s flaring fell 42 percent despite increased production.
It’s more than a buzzword: CCUS technologies could enable a future that is both low carbon and energy abundant.
It’s a lower carbon future with natural gas and oil continuing to provide vital energy security to billions.
The province is the number two producer of oil in Canada; the industry supports more than 30,000 jobs.
CAPP’s 2021 natural gas and oil capital investment forecast predicts a 14% uptick—a good sign for Canada’s economic recovery.