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Alberta Needs to Double Oil Output: Premier

OIL

Canada’s Alberta province needs to dramatically increase its output and further expand its export pipeline capacity to meet a potential heavy crude shortage in the USGC, according to Argus, citing premier Danielle Smith.

  • "I still feel like we would be able to massively increase our production even with the existing pipeline infrastructure," said Smith, but signaled that additional pipelines from Canada will be required to meet the USGC’s demand for its massive refining complex.
  • Smith said that production in the province could still expand from 3.8m b/d today up to 6.1m b/d using existing egress options.
  • "There's going to be a shortfall [in supply in Texas] so I'm challenging our industry to be able to meet that that future demand," said Smith.
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