Sources: www.iter.org University of Utah Joint Venture to Commercialize Carbon Storage Technology International Energy Agency: Energy Storage Technology Roadmap Bloomberg: MIT’s Liquid Metal Stores Solar Power Until After Sundown What will be Western Canada’s role in energy production? • Around 750 trillion cubic feet of marketable tight and shale gas exists across Canada; over 70% are concentrated in Western Canada. • Canada’s natural gas production is expected to increase from 13.9 billion cubic feet per day (bcf/d) in 2012 to 16.9 bcf/d in 2035. • This outlook depends on whether the development of LNG export capacity goes ahead. • Bitumen production from Alberta’s Oil Sands is expected to increase from 2.0 million barrels per day (mmbd) currently to 5 mmbd in 2035. • The current oil transportation system will run out of spare capacity around 2018 and if no new pipelines are constructed, the production outlook will be severely cut back. • In aggregate, Canada’s energy exports are expected to rise from $57 billion per year to more than $140 billion in 2035. Sources: Conference Board of Canada, Canadian Outlook Long-Term Economic Forecast 2014 Port 2050 Scenario Update Initiative - 2015 45