Unlocking Canada’s oil and gas industry – is Canada becoming an energy superpower? | PwC Canada

Is Canada becoming an energy superpower?

Over the last few years, Canada’s status as a strong global player on the oil and gas stage has risen significantly. The ongoing development of the oil sands and the explosive growth of shale gas and tight oil productive capacity are already influencing the shape of the oil and gas market in North America. Canada’s production is poised to reach approximately 6.5 million barrels a day by 2025.

And recently, there has been discussion of Canada’s potential to achieve not just “a major North American producer status” but to become a global energy superpower.

The numbers suggest Canada has the potential to become a superpower. We rank third in global reserves in terms of strength in liquids and we have the technology to extract conventional and unconventional oil and gas to get it to global markets.

via Unlocking Canada’s oil and gas industry – is Canada becoming an energy superpower? | PwC Canada.