Tag: Exports

Canadian economy grew in 2017, but will slow significantly in 2018 – Conference Board

Canadian economy grew in 2017, but will slow significantly in 2018 – Conference Board

Strong employment gains in 2017, but job creation will cool in 2018, though wage growth is expected to accelerate by 3.1% As 2017 comes to a close, the Canadian economy is on track to record its fastest pace of growth since 2011 thanks to strong consumer spending and a hot housing market. Next year, however, growth […]

By December 28, 2017 0 Comments Read More →
Chinese, Australian ports jammed as demand for coal, iron ore soar

Chinese, Australian ports jammed as demand for coal, iron ore soar

Chinese coal demand up 10 per cent in 2017 Rising demand in China for coal and iron ore have caused bottlenecks in China’s commodity supply chain. Placed end-to-end, there are enough cargo ships waiting outside Chinese and Australian ports to stretch more than 40 miles. Outside some Australian ports, some vessels are waiting to load […]

By December 20, 2017 0 Comments Read More →
Increased US natural gas exports accelerating economy – API study

Increased US natural gas exports accelerating economy – API study

Increased LNG exports estimated to have minimal effect on natural gas price API has released a new study showing that increased exports of U.S. natural gas (in the form of liquefied natural gas or LNG) could support between 220,000 and 452,000 additional American jobs and add up to $73 billion to the U.S. economy by 2040. The […]

By October 12, 2017 0 Comments Read More →
Energy exports up 28% to lead BC trade in 2016

Energy exports up 28% to lead BC trade in 2016

Report found value of wood product exports  increased by 19.2% According to the BC Check-Up, an annual economic report released by the Chartered Professional Accountants of British Columbia (CPABC), B.C.’s exports to international markets increased by 8.6 per cent to reach $39.0 billion in 2016. The increase in export values was largely led by a […]

By September 26, 2017 0 Comments Read More →
Energy’s share of Canadian exports growing again – NEB

Energy’s share of Canadian exports growing again – NEB

Oil export volumes continued to increase despite lower oil prices Over the last 30 years, the total value of Canadian exports has increased seven-fold, from $95 billion in the first quarter of 1987 to $664 billion in the first quarter of 2017, according to a National Energy Board press release. During this time period, the value of energy exports […]

By September 20, 2017 0 Comments Read More →
Hurricane Harvey update: crude oil, refining and chemical sector impacts – IHS Markit

Hurricane Harvey update: crude oil, refining and chemical sector impacts – IHS Markit

Still considerable uncertainty about lingering damage to offshore platforms IHS Markit released a periodic update on impact of Hurricane Harvey on the crude oil, refining and chemical sectors. Crude As of Wednesday, U.S. Gulf of Mexico operators have shut down approximately 324,000 b/d of crude oil output, equal to around 19 percent of total Gulf of […]

By August 31, 2017 0 Comments Read More →
Canadian hydro-electric exports to US growing because of state renewable energy targets

Canadian hydro-electric exports to US growing because of state renewable energy targets

Exports of Canadian hydro power growing, but revenue shrinking because of lower prices Since 2012, eastern Canada has been the source of about 70 per cent of Canada’s electricity export volumes, according to a National Energy Board press release. The remaining 30 per cent originate from western Canada. Most eastern Canadian exports are from Quebec and […]

By August 17, 2017 0 Comments Read More →
5 reasons US could be world’s top LNG exporter sooner rather than later

5 reasons US could be world’s top LNG exporter sooner rather than later

Challenge is how to get LNG out of US and into global markets By Seth Whitehead, EnergyInDepth Last month, EID highlighted how the U.S. has become a major liquefied natural gas (LNG) exporter virtually overnight. The trend has certainly continued. In the 17 short months since the first shipment of U.S. LNG departed Cheniere Energy’s Sabine Pass […]

Canada’s electricity exports reach record levels in 2016, but revenue declines

Canada’s electricity exports reach record levels in 2016, but revenue declines

B.C. accounted for 89% of Canada’s electricity imports in 2016 Canadian electricity export volumes increased 7 per cent  to reach a record-high 73 terawatt-hours (TW.h) in 2016, according to the National Energy Board. Quebec remained Canada’s largest electricity exporter, followed by Ontario, British Columbia, and Manitoba, respectively. In 2016, these four provinces accounted for 95 per cent […]

US will dominate global LNG markets, natural gas production by 2035 – BP

US will dominate global LNG markets, natural gas production by 2035 – BP

Report projects US will lead global growth in LNG with an increase of 19 Bcf/d by 2035 By Nicole Jacobs, EnergyInDepth BP released its latest Energy Outlook this week, reaffirming its earlier forecast that the U.S. will be energy self-sufficient by 2023 while continuing to lead the world in natural gas production. From the report: […]