Related Articles
Forward article link
Share PDF with colleagues

Canadian pipelines to nowhere

Lack of midstream takeaway capacity had been a growing concern for years, but Covid-19 has reversed the danger

Western Canadian oil producers have suffered from a shortage of export capacity from the region for much of the past decade, in part due to the environmental movement and its allies— strongly opposed to Alberta’s oil sands industry—slowing the pace of pipeline development. The Covid-19 pandemic has turned this problem on its head. Regional production of c.1.2mn bl/d has been shut in due to lower prices following a collapse in demand for refined products, particularly gasoline and jet fuel⁠—leading to a significant surplus of takeaway capacity from the region. The short-term surplus should dissipate over the next year or so as North American and global oil demand rebounds. But it is likely



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
European chemicals sector rises to climate challenge
1 December 2021
Industry responds to EU’s ‘Fit for 55’ package with new business models and alliances with other sectors, says PwC’s global head of chemicals
Energy transitions for a sustainable future
1 December 2021
The challenge of meeting global energy demand while hitting net-zero targets will be at the core of this year’s World Petroleum Congress
Indian government seeks energy investors
1 December 2021
Delhi is looking to the Mideast for energy investment, oil ministry secretary Tarun Kapoor tells Petroleum Economist
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video