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June 9, 2021 – Canada Energy Regulator
Today, the Canada Energy Regulator (CER) released a report explaining the economics and market dynamics for the more than 73,000 kilometres of pipelines it regulates. The report, Canada’s Pipeline System 2021: Economics of CER-Regulated Infrastructure, provides data and trends on the movement of energy between Canada, the United States (U.S.) and the rest of the world between 2015 and 2020.
As one of the world’s top oil and gas producers, Canada produces for both domestic and international consumption with almost all of its natural gas and crude oil exports going to the U.S. Four CER-regulated crude oil export pipelines make up 96 per cent of all take away capacity from Western Canada: Enbridge Mainline, Keystone Pipeline, Trans Mountain Pipeline and Express Pipeline.
Pipelines transport virtually all of Canada’s oil and gas production and in 2020, 88 per cent of crude oil exports and 99 per cent of natural gas exports were through CER-regulated pipelines. Although no new oil pipelines came into service in Canada between 2015 and 2020, capacity on existing oil pipelines in Canada continued to expand due to a series of pipeline optimizations, and are highly utilized. Over this same period, natural gas pipelines in Western Canada underwent a number of physical expansions to relieve regional bottlenecks. These expansions have allowed Canadian crude oil production and exports to the U.S. to grow and natural gas production to remain steady.
Along with exploring how pipelines connect North American markets and the type of products being shipped, the report also provides an overview of the financial integrity of oil and gas pipelines and analysis related to the CER’s economic regulation of pipelines.
The CER produces neutral and fact-based energy analysis to inform the energy conversation in Canada. This report is part of a portfolio of publications on energy supply, demand and infrastructure that the CER publishes regularly as part of its ongoing market monitoring.
“The pipelines we regulate moved more than four million barrels of oil and 17 billion cubic feet of natural gas per day in 2020. This report provides a snapshot of the trends and economics impacting Canada’s diverse energy system over the past five years and how energy is delivered to Canadians and beyond.”
Canada Energy Regulator
The Canada Energy Regulator (CER) works to keep energy moving safely across the country. We review energy development projects and share energy information, all while enforcing some of the strictest safety and environmental standards in the world. To find out how the CER is working for you visit us online or connect on social media
Canada Energy Regulator
Telephone (toll free): 1-800-899-1265
Facsimile (toll free): 1-877-288-8803