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EIA – Canada Country Analysis Brief

Canada is one of the world’s five largest energy producers and is the principal source of U.S. energy imports. – Canada is a net exporter of most energy commodities and is an especially significant producer of conventional and unconventional oil, natural gas, and hydroelectricity. It stands out as the largest foreign supplier of energy to the United States, its southern neighbor and one of the world’s largest consumers of energy. Just as the United States depends on Canada for much of its energy needs, so is Canada profoundly dependent on the United States as an export market. However, economic and political considerations are leading Canada to consider ways to diversify its trading partners, especially by expanding ties with emerging markets in Asia. Canada is endowed with an exceptionally rich and varied set of natural resources, ranking among the five largest energy producers in the world, behind China, the United States, Russia, and Saudi Arabia. Canada produced an estimated 19 quadrillion British thermal units (Btu) of primary energy in 2012, relative to 13.3 quadrillion Btu of primary energy consumed. Canada was the world’s seventh largest energy consumer after China, the United States, Russia, IndiaJapan, and Germany. Canada has a population of more than 35 million (37th largest in the world) with a gross domestic product (GDP) on a purchasing power parity basis of $1,526 billion (13th largest in the world) in 2013. Canada’s economy is relatively energy intensive compared to other industrialized countries, and is largely fueled by petroleum, natural gas, and hydroelectricity.”

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