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 2020 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)
3rd
electricity exporter in the world
28%
of proved gas reserves from shale gas
Abstract
Institutions & Energy Policy
Natural Resources Canada (NRCan) is the ministry in charge of the development of federal energy policy.
Energy Supply
Gas:
Canada is the fifth largest natural gas producer in the world (after the United States, Russia, Iran, and China); production increased by 1.3%/year on average between 2013 and 2019, but dropped by 2% in 2020, to 172 bcm. The production mainly comes from Alberta (70% of the total production).
Energy Prices
Gas:
The price of gas for the industrial sector is stable, reaching US$1.09c/kWh. However, the price for the residential sector (2020) dropped to US$2.01c/kWh. The price of natural gas is much lower than in the US (US$1.91c/kWh for households and US$3.3c/kWh for industry) and 3 to 4 times lower than in the EU.
Graph: : GAS PRICES FOR INDUSTRY AND HOUSEHOLDS (US$c/kWh GCV)
Energy Consumption
At 7.6 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 14 700 kWh.
Total energy consumption increased slightly between 2010 and 2019 (1.3%/year on average at normal climate until 2019). It dropped by 6.2% in 2020 with the covid-19 pandemic to 287 Mtoe.
Issues & Prospects
CER released its long-term energy outlook for 2050, Canada's Energy Future Report 2020 (EF2020). Total primary energy demand drops progressively because of the reduction in the use of fossil fuels. Coal's share shrinks substantially, driven by the decline in coal-fired power generation. Electrification of transport and energy efficiency improvements contribute to the fall in oil demand.
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 2020 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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