The world wants more Canadian oil and natural gas: survey

Image: JWN

The world sees Canadian oil and natural gas as part of the energy future and the preferred source of energy imports, according to a new global research survey, 2017 Global Energy Pulse, the first-of-its-kind conducted by Ipsos on behalf of the Canadian Association of Petroleum Producers (CAPP).

Of the more than 22,000 respondents in 32 countries, 31 per cent said Canada is the preferred choice for oil and natural gas imports, putting the country at the top of the list of 11 producing countries. Another 54 per cent of global respondents were neutral or admitted they didn't know enough about Canada's industry to make an informed decision — “creating an opportunity to share our energy story better,” CAPP stated this morning.

The top five countries with the greatest interest in importing Canadian oil and natural gas included Israel, the U.S., Algeria, India, and South Africa.

Likewise, about 68 per cent of Canadians agreed Canada's energy should be the primary supplier of oil and natural gas to meet our own country's growing energy demands, rather than imports from other nations.

Among those supportive of Canadian imports, India and China — forecasted by the International Energy Agency to see energy demand increase 49 and 46 per cent, respectively, by 2040 — rated Canada's oil and natural gas industry high for its leading-edge technologies to minimize environmental impacts.

Although a large portion of those surveyed were undecided about Canada's oil and natural gas industry, Canada's innovation story is emerging in the energy sector due to significant initiatives like Canada's Oil Sands Innovation Alliance (COSIA).

The 2017 Global Energy Pulse research can be found here .