After years of frustration over how quickly to reduce dependence on fossil fuels, Canada has changed its strategy and is now looking for ways to increase its production and exports. There are two reasons: the tariff war with the US, after Trump came to power, and the US war with Iran, which reminded energy imports of the dangers of too much dependence on one region, especially an unstable one. Canada's oil production could increase by 2-2.5 million bpd in the next five years, and LNG exports could reach 50 million medium tons per year by 2030, compared to 14 million tons per year. Earlier this month, Prime Minister Mark Carney announced that Canada would approve its alternative export route: 1 million B & #092; C Pacific Link pipeline, which will connect Alberta's oil center to the West Coast, providing access to Asian markets and the US West Coast. Carpenters of oil and LNG shipped from Canada's west coast can reach major Asian consumers such as China and Japan in about two weeks—significantly faster than shipments from the east coast. Ottawa is also trying to boost production growth through a wide range of tax and regulatory measures, as well as additional pipeline projects.

After years of frustration over how quickly to reduce dependence on fossil fuels, Canada has changed its strategy and is now looking for ways to increase its production and exports. There are two reasons: the tariff war with the US, after Trump came to power, and the US war with Iran, which reminded energy imports of the dangers of too much dependence on one region, especially an unstable one. Canada's oil production could increase by 2-2.5 million bpd in the next five years, and LNG exports could reach 50 million medium tons per year by 2030, compared to 14 million tons per year. Earlier this month, Prime Minister Mark Carney announced that Canada would approve its alternative export route: 1 million B & #092; C Pacific Link pipeline, which will connect Alberta's oil center to the West Coast, providing access to Asian markets and the US West Coast. Carpenters of oil and LNG shipped from Canada's west coast can reach major Asian consumers such as China and Japan in about two weeks—significantly faster than shipments from the east coast. Ottawa is also trying to boost production growth through a wide range of tax and regulatory measures, as well as additional pipeline projects.