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Energy Fact Sheet: Why does Russian oil and gas matter?
One of the world’s top oil producers and exporters Russia is a major 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…
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2022 Energy Crisis: Frequently Asked Questions
…although Gazprom refused to accommodate this option. Transit gas volumes via Ukraine to the European Union have dropped by 60% since then. Domestic gas supplies in Ukraine have been disrupted in several regions due to pipeline damage caused 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…
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Canada Natural Gas Security Policy
Country Energy Security Policy - Natural Gas Natural gas overview Canada’s policy for emergency gas response, similar to that for oil, reflects its role as a major producer and net exporter, with vast volumes of gas supplies in a well-integrated market with extensive pipeline networks both within Canada and across the border with the United States. In this context, Canada’s gas emergency policy is generally geared towards short-term regional or local disruptions rather than a more widespread or long-lasting supply outage. The gas industry itself has the primary responsibility for ensuring security of supply and responding…
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Canada Oil Security Policy
…crude oil production has grown faster than pipeline capacity. Between 2013 and 2016, about 1 mb/d of nameplate pipeline capacity was added in Canada. No incremental nameplate capacity has since been added while several expansion projects were terminated. In addition to the termination of the Keystone XL project in 2021, the Energy East project was cancelled by the proponent in 2017 and the Northern Gateway project was dismissed by the government in 2016. However, in 2019, the federal government approved the Trans Mountain Expansion project, a twinning of the existing 1150 km Trans Mountain Pipeline between Edmonton, AB and Burnaby…
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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’s legislation on oil security
…the country does not currently impose stockholding obligations on energy importers and does not have a Central Stockholding Entity (CSE). 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…
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The Potential of Behavioural Interventions for Optimising Energy Use at Home
…behaviour and encourage investments in structural improvements. This article focuses on the potential for enhancing energy efficiency with policies and programmes designed to educate consumers and encourage them to alter their daily habits – without resorting to large-scale structural improvements. This focus is motivated by the observation that interventions aimed at promoting behavioural change are often cheaper to implement relative to policies that seek to encourage investment. Such measures also tend to be relatively quick to design and implement. What are behavioural interventions and how can behavioural insights enhance the impact of energy efficiency policy? Behavioural interventions are policies and…
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Fuel economy in Canada
…which is higher than all other major LDV markets. At almost 21% above the global average, high fuel consumption levels in Canada reflect a growing share of SUVs/pick-up trucks. Notably, the sales share of SUV/pick-up trucks has grown from 33% of new LDVs in 2005 to 67% in 2019, which is the highest among major LDV markets and nearly one quarter above the global average. At the same time, the average weight of new LDVs has grown considerably, reaching 1 757 kg in 2019, almost 20% above the global average.Fuel consumption decreased on average by…
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Fuel economy in Russia
Market profile and analysis of fuel consumption trends In 2019, light-duty vehicle (LDV) sales reached 1.8 million in the Russia Federation (Russia). Average fuel consumption of Russian LDVs was 8.3 gasoline equivalent per 100 kilometres (Lge/100 km) in 2019, roughly 16% above the global average. Fuel economy improvements between 2005 and 2019 have been marginal in Russia, with fuel consumption of LDVs decreasing 0.9% on average per year. Fuel consumption of large cars in 2019 remained unchanged from its 2005 average of 8.3 Lge/100 km, while fuel consumption of city cars increased from…
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Oil Market Report - June 2023
…exports, while shipments to Africa, the Middle East and Latin America made up another 12%. Estimated export revenues fell by $1.4 bn to $13.3 bn, down 36% on a year ago, with average crude prices easing from $60/bbl in April to $55/bbl in May.Global refinery throughputs are forecast to increase by 1.8 mb/d in 2023 and 1 mb/d next year when it averages 83.4 mb/d. A further decline in OECD crude runs next year is more than offset by the 1.3 mb/d increase in non-OECD activity. New…
