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Released November 10, 2025 | SUGAR LAND
en
Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)

Summary

Alberta's leaders worked the sidelines of the ADIPEC energy conference in Abu Dhabi last week as Canada courts non-U.S. trading partners. Canadian energy companies, meanwhile, are boasting of production strength.

'Barely Scratched the Surface' on Trade Potential

With many of the Canadian energy majors boasting of strong production performance, leaders from Alberta said they worked to enhance the provincial status as an energy powerhouse at this year's Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) energy conference.

Alberta Premier Danielle Smith led a delegation to this year's conference, working to showcase the available energy resources in her province.

Joseph Schow, the provincial trade minister, said three days of outreach with leaders across the Middle East, as well as regional oil and gas executives, had paid off.

"We have barely scratched the surface and are seeing real results with Alberta-based companies growing into new markets in the Middle East, thanks in part to the relationships we have built over the last several years attending ADIPEC," he said Thursday on his return from Abu Dhabi.

The provincial government added that it's established an office in Abu Dhabi to serve as a hub for regional investments. Alberta delivered nearly US$500 million in goods to the Middle East last year, though most of that was in the form of manufactured products.

Much of Canada's trade networks are tied closely to the United States, including energy. Canada accounts for about 60% of the foreign oil delivered to the U.S. economy and is a net exporter of natural gas.

With trade under threat from U.S. President Donald Trump's tariff policies, Canada is looking for ways to halve its total U.S. trade. It's already making strides with energy exports from British Columbia in the form of liquified natural gas (LNG) and Alberta is supporting an additional crude oil pipeline to the western coast of Canada.

For more information, see November 6, 2025, article - Malaysia's Petronas Secures Canadian LNG.

Canadian Energy Majors Look Strong

On Thursday, TC Energy (Calgary, Alberta), formerly Trans Canada, said it's sanctioned US$3.5 billion in new growth projects over the past 12 months, including three new natural gas pipelines. The company was short on specifics, but said the new networks were already backed by 20-year contracts. Much of those networks, meanwhile, are interconnectors.

TC Energy added that its total natural gas deliveries averaged 23 billion cubic feet per day (Bcf/d) during the quarter, up 2% from the same period last year. Feed gas for LNG facilities averaged 3.7 Bcf/d, up 15% from year-ago levels. The company said feed gas levels hit a record in August at 4 Bcf/d.

LNG Canada is the only project currently able to deliver natural gas. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Production Plant Database can learn more in a detailed plant profile.

Pembina Pipeline Corporation (Calgary), among the developers at LNG Canada, added last week that it had nearly US$600 million worth of projects slated for startup by next year. Adding to TC Energy, Pembina has pipeline expansions planned for its assets in Alberta and British Columbia.

Elsewhere, oil-sands producer Canadian Natural Resources (Calgary) added that its quarterly production levels of 1.6 million barrels of oil equivalent per day (BOE/d) set a record for the company. Guidance for the year was raised 1.2% to 1.58 million BOE/d.

Financially, many companies underperformed. TC Energy reported a net income loss attributable to common shareholders of C$609 million (US$433 million) compared to a year-ago gain of C$1.45 billion (US$1 billion).

Tariffs Hurt

With tariff pressure coming from the United States, its largest trading partner, the Canadian economy is faltering. Growth in gross domestic product (GDP) is expected to be below 1% annually for the second half of the year.

"Trade friction means our economy will work less efficiently, with higher costs and less income," Tiff Macklem, the head of the Bank of Canada, said last week. "Even as economic growth recovers, the entire path for GDP is lower than it was before the shift in U.S. trade policy."

Key Takeaways
  • Alberta sought more trade diversification at ADIPEC conference
  • Production looks promising from Canadian energy majors

  • About Industrial Info Resources
    Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
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