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We issue a report each year that provides independent and comprehensive information on the state of hydrocarbon reserves and the supply and demand outlook for Alberta’s diverse energy resources: crude bitumen, crude oil, natural gas, natural gas liquids, coal, and emerging resources.
Alberta Energy Outlook 2021 2020 NUMBERS Legend Crude oil Coal Natural gas Nonupgraded bitumen Upgraded bitumen NGL Hydro, wind, and other renewables ENERGY PRODUCTION FORECAST Production (petajoules) Production (million barrels per day of light-medium crude oil equivalent) 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 0 1.0 2.0 3. ...
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- An Informed Look Ahead
- Long-Term Outlook
- AESO Net-Zero Report
The AESO publishes a Long-term Outlook(LTO) every two years with updates as necessary. It is our forecast for electricity demand and generation in the province looking out 20 years. We use it to inform our long-term transmission plans and regulatory filings. Using a variety of inputs including third-party forecasts and the most up-to-date data avai...
The AESO published the 2024 Long-term Outlook on May 15, 2024. Visit the Forecasting Insights page on AESO Engagefor more information, details and opportunities to participate in the upcoming information session.
On June 27, 2022, the AESO published a detailed analysis of the opportunities and challenges involved in eliminating greenhouse gas emissions from Alberta’s power system. The AESO Net-Zero Emissions Pathways report is the first in-depth analysis of the potential implications of a net-zero future to focus specifically on electricity in Alberta. The ...
ST98: Alberta Energy Outlook, an annual report with independent and comprehensive information on the state of hydrocarbon reserves and the supply and demand outlook for Alberta’s diverse energy resources: crude bitumen, crude oil, natural gas, natural gas liquids, coal, and emerging resources.
- CAPITAL SPENDING. Total capex spending in the energy patch declined 30% last year, to just $17.4 billion. Oil sands producers accounted for $7.2 billion in spending last year, down from $9.9 billion in 2019, and the lowest since 2004.
- PRODUCTION. ALBERTA SUPPLY OF CRUDE OIL AND EQUIVALENT (COURTESY THE AER) Alberta's oil sands producers averaged 3.0 million bbl/day of bitumen last year, split almost exactly 50/50 between mining and in-situ operators.
- OIL SANDS RESERVES. Almost 1.1 billion barrels of bitumen were produced last year, reducing remaining established reserves to 161.3 billion. That works out to 160 years of reserves, assuming no change in production, prices or technology.
- BITUMEN UPGRADING. Roughly 47% of all bitumen production was upgraded to synthetic crude last year, leaving the remaining volumes to be diluted and sold directly to refineries.
Jun 24, 2024 · Alberta presents significant growth opportunities for emerging resources, with hydrogen production projected to grow from 2.5 to 3.9 million tonnes per year by 2033 (4% average annual growth), and geothermal and helium production are each expected to grow at an average annual rate of 21%.
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The monthly energy sector outlook provides current data and forecasts for Alberta’s energy industry. Information includes production summaries, long-term forecasts and prices.
