Despite a consistent rise in Canadian oil shipped overseas in
the last few years, less than 2 per cent of all
Canadian crude exports are delivered to destinations other than the
United States. A lack of sufficient infrastructure is to blame.
However, Asian markets may soon assume a greater share of Canadian
production if various projects come online to raise transport
capacity to the West Coast of Canada.
In the last month, pipeline and railway players have made the
Enbridge's Northern Gateway
pipeline received a $100 million injection
from a corsortium that included China Petroleum & Chemical
Corp., also known as Sinopec, to help the $5.5 billion pipeline get
through the regulatory approval process. If approved, Northern
Gateway will transport up to 525,000 barrels per day and may
commence deliveries as early as 2016.
Kinder Morgan plans to construct an 80,000 barrel-per-day
expansion to its TransMountain pipeline
that runs from Edmonton, Alberta to Burnaby, B.C. Kinder Morgan
intends to accept open season bids for shipping commitments later
this year, and may complete its expansion project by 2014 to
Canadian National Railway Co. confirmed that it is in early
discussions with Canadian oil producers and
Chinese companies to ship oil via railway from Saskatchewan and
Alberta to yet-to-be-determined West Coast tanker ports.
There are also reports that Canadian
Pacific Railway Ltd. is working on a similar proposal for a
"pipeline on rail" to the West Coast.
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Canada is a constitutional monarchy, a parliamentary democracy and a federation comprised of ten provinces and three territories. Canada's judiciary is independent of the legislative and executive branches of Government.
The Government of Alberta recently announced a number of policy changes that will impact the Alberta Electricity Market, composed of its generators, transmitters, distributors, retailers, electricity consumers and wholesale electricity market.
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