Canadian forecast assumes heavy oil will be transported
Oil & Gas Journal
Canadian government analysts identified transportation as a major export uncertainty in the National Energy Board’s latest long-term supply and demand projections, but expect market forces to resolve the question, particularly for heavy oil, one of them told a Washington audience.
“We don’t make specific assumptions about how it will be transported, although we see it moving by rail now to pipeline terminals,” said Abra Bhargava, who leads the Energy Integration Team at NEB’s Calgary headquarters, during a Dec. 6 presentation on the forecast at the Center for Strategic and International Studies.
The analysts expect to take a closer look at long-distance rail transportation of diluted bitumen from Alberta’s oil sands in future forecasts, she said, adding, “We strongly believe the markets
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