Home > Asia, Canada, energy, Fraser Institute (CA), international relations, trade > Ensuring Canadian Access to Oil Markets in the Asia-Pacific Region

Ensuring Canadian Access to Oil Markets in the Asia-Pacific Region

August 10, 2012

Ensuring Canadian Access to Oil Markets in the Asia-Pacific Region
Source: Fraser Institute

This report provides a comprehensive overview of the outlook for Alberta crude oil and bitumen production and an assessment of the economic attractiveness and feasibility of exporting oil to countries in the Asia-Pacific region instead of solely to markets in the United States. It also describes the extent of the new oil pipeline infrastructure that would be needed to allow oil exports to Asia-Pacific region under two scenarios: 1. no increase in oil sands bitumen production capacity from a base-case forecast; and 2. bitumen production capacity increased from that in the base case to supply Asian markets after 2026. The likely gross employment and overall economic (GDP) benefits from construction and operation of the required facilities are also discussed.

The report also examines unnecessary regulatory and other barriers that are inhibiting the development of the pipelines and port facilities required to ship crude oil, raw bitumen and synthetic crude oil (i.e., upgraded bitumen) to the west coast and on to oil refineries in Japan, Korea, China, India and other countries in Asia that are increasingly becoming dependent on oil imports.

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Categories: Asia, Canada, energy, Fraser Institute (CA), international relations, trade
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