Alberta Partners with Enbridge to Double Oil Production and Boost Exports
The Alberta government is making plans to double the province’s oil production and expand crude exports to the United States.
To advance this goal, Alberta has signed a letter of intent with Calgary-based Enbridge. The agreement will create a working group with the Government of Alberta, Enbridge, and , involving the Alberta Petroleum Marketing Commission. The trio will explore ways to expand capacity across Enbridge’s 29,000-kilometre pipeline network.
“The world needs more Alberta oil and gas,” said Premier Smith. “Our objective of doubling oil production aligns with Enbridge’s plans to enhance its existing pipeline systems. This partnership will support the United States’ energy security and affordability goals while maximizing the value of Alberta’s resources.”
Alberta currently exports more than 4.3 million barrels of oil per day to the U.S. The working group will evaluate new opportunities for transportation, storage, and market access to ensure Alberta’s oil and gas can meet growing demand.
The province also plans to focus on regulatory reform to attract investment. Energy Minister Brian Jean highlighted the need for streamlining approvals and leveraging initiatives like Bitumen-Royalty-In-Kind (BRIK) barrels to maximize economic benefits.
“A strong and growing Alberta oil and gas transport network will allow us to unlock the full value of our resources while ensuring Alberta remains an attractive place for investment,” Jean said.
Greg Ebel, CEO of Enbridge, expressed confidence in the partnership. “With 75 years of experience delivering Alberta’s energy safely and cost-effectively, Enbridge is well-positioned to provide scalable, executable solutions that support North American energy security and affordability,” he said.
The Alberta government’s move to expand oil production is a cornerstone of its energy strategy, aimed at bolstering both the provincial economy and its position as a key player in global energy markets.