Unlike oil, the country’s natural gas strategy foresees a big hike in annual production. It targets 853 billion cubic meters by the end of the decade, up by more than a third from 2023. Output in 2050 is seen topping 1 trillion cubic meters, an increase that’s largely down to a ramp-up of liquefied natural gas.
Suncor Energy Inc.’s crude output from wells in Alberta rose to a record in October on gains at the Firebag oil sands site, which the producer’s chief executive has called a “rock star” operation.