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2022 Energy Crisis: Frequently Asked Questions
…by military operations. How much oil does Russia export?Russia plays an outsized role in world oil markets. It is the third largest producer of oil behind the United States and Saudi Arabia, the world’s second largest exporter of crude oil behind Saudi Arabia, and the largest overall exporter once products are included. In October it exported about 5 million barrels a day (mb/d) of crude, and around 2.8 mb/d of products. Who are the main customers for Russian oil?In 2021, more than half of Russia’s oil exports went to Europe, which received about…
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Energy Fact Sheet: Why does Russian oil and gas matter?
…player in global energy markets. It is one of the world’s top three crude producers, vying for the top spot with Saudi Arabia and the United States. Russia relies heavily on revenues from oil and natural gas, which in 2021 made up 45% of Russia’s federal budget.In 2021, Russian crude and condensate output reached 10.5 million barrels per day (bpd), making up 14% of the world’s total supply. Russia has oil and gas production facilities throughout the country, but the bulk of its fields are concentrated in western and eastern Siberia. In 2021 Russia exported an…
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Canada Natural Gas Security Policy
…in natural gas infrastructure since 2016, reflecting growth of the Montney basin in Northeast British Columbia and Northwestern Alberta, as well as other shale basins in western Canada. These have been primarily focused on expanding one of Canada’s main pipeline systems, TransCanada’s Nova Gas Transmission Limited (NGTL). The NGTL system, which delivers 75% of Alberta and British Columbia’s natural gas production to national and export markets, is currently undergoing a CAD 9.9 billion (Canadian dollars) expansion programme to address bottlenecks and capacity constraints in the long term. Despite significant build out, challenges remain in natural gas.…
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Canada Oil Security Policy
…As such, Canada does not have an IEA stockholding obligation, does not hold any public emergency oil stocks, nor does it impose stockholding obligations on industry. With a robust oil industry and supply infrastructure, Canada’s emergency policy relies primarily on a well-functioning market to ensure supply security, while at the same time reflecting the jurisdictional authority of provinces and territories over energy resources. In an IEA collective action, Canada would likely contribute with demand restraint measures, either with the federal government coordinating voluntary steps by the provinces and territories, or by mandating implementation under a declared national emergency…
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Fuel economy in Canada
…s Passenger Automobile and Light Truck GHG Regulations, a 5% annual reduction in CO2-equivalent per mile for passenger cars is required from 2017 to 2025. For light trucks, the stringency of new fleet average greenhouse gas limits increases by 3.5% annually from 2017 to 2021 and 5% annually from 2022 to 2025. In response to propsals in the United States to increase the stringency of emissions standards for model years 2023-2025, Canada has announced intentions of aligning regulations with the most stringent performance standards in North America post-2025, whether that be at the United States federal…
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Fuel economy in Russia
…in 2005 to 36% in 2019. City cars and medium cars accounted for the majority of the remaining share of LDVs. A growing market for SUVs and increasing weight in the smaller vehicle segment led to a 13% increase in the average LDV weight in Russia since 2005, reaching 1 463 kg in 2019 (1% below the global average). Overview of current fuel economy policy Russia does not have any standards for fuel efficiency or greenhouse gas emissions for transport. In 2021, plans were announced to increase the number of electric vehicles, with the aim of having electric vehicles…
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Canada’s legislation on oil security
…Instead, Canada’s ESEA created the Energy Supplies Allocation Board (ESAB) which prepares for emergencies and implements Canada’s oil supply emergency framework at times of crisis. Relevant domestic legislation Related domestic legislation Other related links Circumstances triggering operation of the emergency response system An oil supply emergency exists when there is an actual or anticipated shortages of oil or disturbances in the oil markets that affect or will affect Canada’s national security and welfare and economic stability (article 15(1) ESEA). Authority determining whether emergency exists It is the Canadian Governor in Council who, after the lieutenant governors…
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Canada Electricity Security Policy
Country Energy Security Policy - Electricity Electricity overview and generation portfolio Most of Canada’s electricity systems are part of the integrated North American market, with 98% of Canadians connected to the continent’s bulk power system. Electricity is regularly traded in both directions between Canada and the United States (‘US’ hereafter) (with Canada a net exporter to the US overall). This robust interconnectivity with 37 north-south cross-border transmission lines adds to the east-west tie lines across provincial borders, and allows for a high degree of reliability and resilience to seasonal or unplanned changes in supply and demand…
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Canada Climate Resilience Policy Indicator
…Canada rising more rapidly, by 2.3°C during 1948-2016. Canada’s Changing Climate Report also explains that in terms of seasonal variation, the temperature has increased more strongly in the winter than in the summer.Warming is expected to continue into the future, with an overall temperature increase of between 1.8°C and 6.3°C by the end of the century, depending on greenhouse gas emissions levels. The rise in temperature is likely to be more evident during the winter and in the country’s northern regions.Canada’s rising temperature is already affecting energy demand, reducing the number…
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Oil Market Report - August 2022
The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights Soaring oil use for power generation and gas-to-oil switching are boosting demand. In this Report, we have raised our estimates for 2022 global demand growth by 380 kb/d, to 2.1 mb/d. Gains mask relative weakness in other sectors, and a slowdown…
