Latest news with #CanadaEnergyRegulator
CTV News
4 days ago
- Business
- CTV News
Pembina reaches settlement on Alliance pipeline fees and revenue sharing
The corporate logo of Pembina Pipeline Corp. is shown in this undated handout photo. THE CANADIAN PRESS/HO, Pembina Pipeline Corp. *MANDATORY CREDIT* CALGARY — Pembina Pipeline Corp. says it has reached a settlement with shippers on fees and revenue sharing for its Alliance pipeline. The company says it expects the deal to reduce its revenue from the pipeline by $50 million per year over the next decade, while a new revenue sharing portion will mean tens of millions of dollars in additional reduced revenue. The effect of the revenue sharing portion depends on the price of natural gas, but under its main price assumption, it would mean an additional $40 million reduction a year. Pembina says it worked with stakeholders through the Canada Energy Regulator to reach a deal that shared value and risk. Alliance is a 3,848-kilometre long natural gas pipeline that runs from Western Canada to the Chicago market hub. Pembina fully owns the Alliance pipeline after acquiring Enbridge Inc.'s half last year as part of a $3.1 billion deal. This report by The Canadian Press was first published July 25, 2025. Companies in this story: (TSX:PPL) The Canadian Press
Edmonton Journal
11-07-2025
- Business
- Edmonton Journal
Varcoe: Bill C-5 charts a path, but new report says full road map needed to get major projects built in Canada
It seeks shorter approval processes for developments that will be built on current industrial brownfield sites. Timelines for regulatory processes 'should be short, concrete and adhered to.' The study calls for governments to take steps to unleash energy as 'Canada's hard power,' selling it to a world that is consuming — and requiring — more each year. The group recommends pursuing development of a North American energy alliance, and says Canada should 'reclaim its position as an agriculture and agri-food superpower.' The report recommends Canada work with other NATO allies to create a critical mineral reserve for defence and military purposes. 'It serves as a clarion call to the federal government that an unprecedented level of policy coherence is really what is going to be necessary to move more energy, food and critical minerals to global markets,' said Business Council of Canada vice-president Michael Gullo. The report is timely, as Canada's federal, provincial and territorial ministers of energy and mines are meeting in Charlottetown this week. Last month, the Carney government passed Bill C-5, which allows it to designate major projects as being in the national interest and accelerate the approval process. Gullo said the new legislation and the prime minister's comments are directionally positive. 'We need to go further,' he added. 'There's still some areas that haven't been sorted out . . . whether it's the oil and gas emissions cap or some of these other areas. They really need to be addressed.' The report by the council says provinces should be in charge of leading the environmental assessments for projects under their jurisdiction, including mines, oilsands facilities, refineries and power-generating facilities. Cross-border pipelines and electricity transmission lines should be assessed by the Canada Energy Regulator. There are other issues that need to be clarified, such as how to get major energy projects built with the federal Impact Assessment Act and the tanker ban off the northern B.C. coast still in place. A tanker sits in dock at the Trans Mountain Pipeline expansion Westridge Marine Terminal in Burnaby, B.C. PNimg Carney said Bill C-5 creates flexibility for major projects. 'We're not going to have a project that gets oil to tidewater and it stays there. There's only so much you can do with it. So it comes in the round,' he said. 'How does it fit together with what else we're doing . . . Are we growing competitive oil and gas? Are we growing clean energy at the same time with other projects? Are we growing our critical minerals? Are we growing our AI data centres?' Gitane De Silva, former CEO of the Canada Energy Regulator, said the country has an opportunity to develop and export its natural resources, and provide energy, food and critical minerals to our allies.
Calgary Herald
10-07-2025
- Business
- Calgary Herald
Varcoe: Bill C-5 charts a path, but full road map needed to get major projects built in Canada
It seeks shorter approval processes for developments that will be built on current industrial brownfield sites. Timelines for regulatory processes 'should be short, concrete and adhered to.' The study calls for governments to take steps to unleash energy as 'Canada's hard power,' selling it to a world that is consuming — and requiring — more each year. The group recommends pursuing development of a North American energy alliance, and says Canada should 'reclaim its position as an agriculture and agri-food superpower.' The report recommends Canada work with other NATO allies to create a critical mineral reserve for defence and military purposes. 'It serves as a clarion call to the federal government that an unprecedented level of policy coherence is really what is going to be necessary to move more energy, food and critical minerals to global markets,' said Business Council of Canada vice-president Michael Gullo. The report is timely, as Canada's federal, provincial and territorial ministers of energy and mines are meeting in Charlottetown this week. Last month, the Carney government passed Bill C-5, which allows it to designate major projects as being in the national interest and accelerate the approval process. Gullo said the new legislation and the prime minister's comments are directionally positive. 'We need to go further,' he added. 'There's still some areas that haven't been sorted out . . . whether it's the oil and gas emissions cap or some of these other areas. They really need to be addressed.' The report by the council says provinces should be in charge of leading the environmental assessments for projects under their jurisdiction, including mines, oilsands facilities, refineries and power-generating facilities. Cross-border pipelines and electricity transmission lines should be assessed by the Canada Energy Regulator. There are other issues that need to be clarified, such as how to get major energy projects built with the federal Impact Assessment Act and the tanker ban off the northern B.C. coast still in place. A tanker sits in dock at the Trans Mountain Pipeline expansion Westridge Marine Terminal in Burnaby, B.C. PNimg Carney said Bill C-5 creates flexibility for major projects. 'We're not going to have a project that gets oil to tidewater and it stays there. There's only so much you can do with it. So it comes in the round,' he said. 'How does it fit together with what else we're doing . . . Are we growing competitive oil and gas? Are we growing clean energy at the same time with other projects? Are we growing our critical minerals? Are we growing our AI data centres?' Gitane De Silva, former CEO of the Canada Energy Regulator, said the country has an opportunity to develop and export its natural resources, and provide energy, food and critical minerals to our allies.
Yahoo
04-06-2025
- Business
- Yahoo
Canada's propane exports soar 9.2% in 2024 as gas output grew
By Amanda Stephenson CALGARY (Reuters) -Canadian exports of propane and butane grew significantly in 2024 as natural gas production increased in the country, according to new data from the Canada Energy Regulator on Wednesday. The data for 2024 showed Canadian propane exports averaged 218,300 barrels per day (bpd), a 9.2% increase from the previous year, while butane exports surged 15% to an average of 56,100 bpd. The strong growth was due to an overall rise in natural gas output from Canada last year, which led to greater production volumes of natural gas liquids such as propane and butane, the regulator said. Canada currently has two marine propane export terminals located on the west coast of British Columbia. Two additional export terminals are under development — the Ridley Island Energy Export Facility, a joint project by Calgary-based AltaGas and Dutch multinational Royal Vopak — and Trigon Pacific LPG, led by Trigon Pacific Terminals. These new terminals are expected to boost Canada's access to Asian markets due to their proximity compared to U.S. Gulf Coast facilities. Canada is the second-largest supplier of propane to Japan and South Korea, after the U.S. In 2024, all of Canada's butane exports went to the United States. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-06-2025
- Business
- Yahoo
Canada's propane exports soar 9.2% in 2024 as gas output grew
By Amanda Stephenson CALGARY (Reuters) -Canadian exports of propane and butane grew significantly in 2024 as natural gas production increased in the country, according to new data from the Canada Energy Regulator on Wednesday. The data for 2024 showed Canadian propane exports averaged 218,300 barrels per day (bpd), a 9.2% increase from the previous year, while butane exports surged 15% to an average of 56,100 bpd. The strong growth was due to an overall rise in natural gas output from Canada last year, which led to greater production volumes of natural gas liquids such as propane and butane, the regulator said. Canada currently has two marine propane export terminals located on the west coast of British Columbia. Two additional export terminals are under development — the Ridley Island Energy Export Facility, a joint project by Calgary-based AltaGas and Dutch multinational Royal Vopak — and Trigon Pacific LPG, led by Trigon Pacific Terminals. These new terminals are expected to boost Canada's access to Asian markets due to their proximity compared to U.S. Gulf Coast facilities. Canada is the second-largest supplier of propane to Japan and South Korea, after the U.S. In 2024, all of Canada's butane exports went to the United States. Sign in to access your portfolio
