3rd
largest oil reserves in the world (mostly unconventional)
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This analysis includes a comprehensive Canada energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2021 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
3rd
largest oil reserves in the world (mostly unconventional)
1st
electricity exporter in the world
2nd
hydropower producer mix
Abstract
Institutions & Energy Policy
NRCan, Natural Resources Canada is the ministry in charge of the development of federal energy policy.
Energy Supply
Oil:
Oil production (crude, NGL, and non-conventional oil) increased by 55% between 2010 and 2019 (4.6%/year) and has more than doubled since 2000. After a drop by 4.5% in 2020, due the reduction in oil demand caused by the pandemic, it increased by 6% in 2021 to 270 Mt.
Energy Prices
Oil:
In 2020, motor fuel prices continued the downward trend of 2019, and rebounded in 2021, reaching US$1.17/l for gasoline and US$0.95/l for diesel, following international trends. In addition to the GST and PST (if applicable), excise taxes on motor fuels are also charged by the federal government (diesel US$4c/l, gasoline US$10c/l) and provincial governments.
Energy Consumption
At 7.5 toe, Canada's per capita energy consumption is among the highest in the world and almost triple the average EU level. Electricity consumption per capita is around 14.8 MWh.
Issues & Prospects
CER released the update of its long-term energy outlook for 2050, Canada's Energy Future Report 2021 (EF2021). CER sees Canadians reducing their overall energy consumption by 21% over the next 30 years (-1.2%/year). Specifically, the projection sees unabated fossil fuel use (i.e without carbon capture and sequestration) decline by 19% by 2030, 45% by 2040, and 62% by 2050.
Below is a list of the Canada energy market report graphs:
In the Canada energy market report you will find the following tables:
The Canada energy market data since 1990 and up to 2021 is included in the Excel file accompanying the Canada country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The Canada country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
Projections Data (Excel Sheet)
The Canada country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.
Data included in the excelsheet:
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