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July 11, 2024
Natural gas requirements for Alberta’s oil sands broken down by type (mining, CCS, and in situ) from 2010-2030.
- Natural gas requirements for Canadian oil sands grew at an average annual rate of 7.2% from 2010 through 2023 from under 1 Bcf/d to 2.2 Bcf/d. This strong growth is primarily due to growth in the natural gas intensive in situ operations.
- Incorrys is forecasting annual growth in oil sands natural gas demand to slow to 1.6% from 2023 to 2030 as the rate of in situ slows.
- Observations:
- Natural gas demand for mining grew from 0.2 Bcf/d in 2010 to almost 0.5 Bcf/d in 2023. Incorrys is forecasting gas demand to peak at 0.5 Bcf/d by 2026 and remain flat thereafter.
- Natural gas demand for CCS is relatively stable at around 0.3 Bcf/d.
- In Situ gas demand increased from 0.4 Bcf/d in 2010 to 1.5 Bcf/d in 2023. Incorrys is forecasting natural gas demand for in situ to grow through 2030 to almost 1.7 Bcf/d.
Map of the Region
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