A New Energy: Steering Canada's next oil and gas boom - RBC Thought Leadership -
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Canada is on the verge of an oil and gas production upswing. In our high-growth scenario, oil production could rise by two million barrels a day by 2040, and gas production could nearly double. It would bring nationwide benefits but also strain supply chains and labour markets.
The next three years could see a project wave last seen in the 2006–14 cycle. LNG Canada Phase 2 and Ksi Lisims LNG, with the pipelines that feed them, target decisions by year-end; Prairie Connector by mid-2027; with the Pacific Link pipeline construction potentially starting in 2027. The Pathways carbon-capture agreements are due by Nov. 15.
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