Canadians eye lucrative Asian markets
Asia is back on the radar screen of Canadian pipeline firms, as oil and gas producers look beyond their traditional US export markets. Companies are concerned that planned environmental measures from US President Barack Obama's administration will restrict the flow of oil-sands-derived crude to the US
Undeterred by the added challenges of raising capital, scaled-back production forecasts for Alberta's oil sands and the threat of a Canadian government ban on overseas bitumen shipments, pipeline firms and producers are on the verge of agreements affecting 1.35m barrels a day (b/d) of possible exports. Enbridge and Kinder Morgan are seeking commitments from producers and refiners for their rival pipelines from the oil sands to deep-water ports on the British Columbia (BC) coast. Meanwhile, a partnership of Kitimat LNG and Pacific Northern Gas is testing market interest in liquefied natural gas (LNG) exports from BC's rapidly expanding gasfields. Enbridge's Northern Gateway pipeline is back o
Also in this section
23 April 2026
The addition of an oil pipeline to the Power of Siberia 2 gas project could ensure deliveries of Russian oil to China, materially shorten logistics lines between West Siberia and final customers, and—amid disruption in the Strait of Hormuz—offer a land-based export route that reduces exposure to maritime chokepoints
23 April 2026
There is a clear push to bolster exports to Asia amid uncertainty around its North American neighbour, but there are limits to the benefits from the energy crisis
23 April 2026
Shell made the play-opening discovery in Namibia’s Orange basin back in 2022, but its next well could decide whether the project can actually be commercialised
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya
