Canada says it has ample energy supplies
www.chinaview.cn 2007-11-16 04:44:46   Print

    OTTAWA, Nov. 15 (Xinhua) -- Canada has ample supplies of energy to meet expected rises in demand, and will be able to increase its exports of oil and electricity, government agency the National Energy Board (NEB) said Thursday.

    "Energy demand in Canada will continue to grow for the next 30 years," said the NEB in a report, with population and economic growth seen as the main driver. "[But] Canada will have enough energy supplies in the forecasted future."

    According to the NEB study, Canada's oil production is expected to increase 61 percent above 2005 levels by 2015, hitting 4.05 million barrels a day, 2.8 million b/d of which will be supplied by oil sands in Alberta province.

    By 2030, output could rise to almost 6 million b/d, 5 million of which would come from the oil sands, if the world is dominated by security concerns and the price of oil is high, the study says.

    If oil prices come down, Canada would produce around 3 million b/d of crude, only 2.7 million b/d of which would be from the oil sands.

    However, the NEB expects the country's natural gas production to decline as its fields mature, with Canada turning from a gas exporter to an importer under some scenarios, with the shortfall being made up by imports of liquefied natural gas.

    The agency predicts Canada's energy demand to grow by as much as 50 percent by 2030 and suggests that major investments will be needed in the next decade both to develop new sources of energy and replace aging infrastructure.

    It calls controlling emissions one of the most challenging aspects of Canada's energy policy, and urges "important and fundamental changes in the way we live and the way we produce goods and services." 

Editor: Mu Xuequan
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