Alberta Energy Sector Booms with Record Investments and Rising Output Predictions
Key Ideas
  • Alberta Energy Regulator's 2025 report highlights record spending of Cdn$30.9 billion in the energy sector, covering various energy resources beyond oil and gas.
  • The report predicts significant growth in Alberta's hydrogen, geothermal, helium, and lithium sectors, with hydrogen production set to increase by six percent annually.
  • Canada's oil and gas reserves have more than doubled, positioning the country as 9th globally, with further evaluations expected to impact future production forecasts.
  • The data-driven 2025 Alberta Energy Outlook provides valuable insights for government, industry, and businesses, facilitating informed decisions and planning for the energy sector.
The Alberta Energy Regulator (AER) has published its 2025 Alberta Energy Outlook, a detailed report reviewing 2024 energy production and projecting trends for the next decade. The report showcases Alberta's dominant position in Canada's energy landscape, producing the majority of the nation's natural gas and oil equivalent. Notably, the energy sector has witnessed record investments, with Cdn$30.9 billion allocated towards developing various energy resources, including oil, gas, and emerging sectors like hydrogen, geothermal, helium, and lithium. The report emphasizes the accelerating momentum in Alberta's emerging-resource sectors. Hydrogen production is expected to increase significantly from 2.6 million tonnes per year in 2024 to 4.4 million tonnes per year by 2034, with an average annual growth rate of six percent. Geothermal and helium outputs are also forecasted to expand, while lithium production is anticipated to support battery-metal supply chains in the future. Furthermore, the report highlights a substantial increase in Canada's gas reserves, elevating its global ranking. The ongoing evaluation by McDaniel and Associates Consultants Ltd. is expected to impact future production forecasts, taking into account factors like pipeline capacity, market conditions, and investment trends. The 2025 Alberta Energy Outlook serves as a valuable resource for governments, industry stakeholders, and the business community, providing data-driven insights for informed decision-making and planning in Alberta's diverse energy sector. The report is available online in an interactive format, enabling users to customize graphs and analyze the reported data for their specific needs.
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