Oil sands development to lead increase Forecast assumes pipeline completions Energy use per person to decline Calgary — Canada’s oil output will grow nearly 50% to exceed 7 million b/d by 2040 even as growth in domestic demand shrinks, the Canada Energy Regulator said this week. In its 2019 energy outlook report, the first since the agency evolved from the National Energy Board, the CER said non-mined oil sands development will continue to lead the increase in crude production. The report anticipates natural gas output will exceed 20 Bcf/d, an increase of more than 30% above 2018 rates. The regulator said the outlook assumes that crude export pipelines planned by TC Energy, Enbridge and Trans Mountain — along with LNG projects capable of moving 3.7 Bcf/d of natural gas — will be completed and in service by their forecast dates. PIPELINE EXPANSION WORK STARTS Trans Mountain said Tuesday […]