U.S. trade pressure, including significant tariffs, and instability in global energy markets are prompting Canada to reduce its reliance on the American market. For decades, the vast majority of Canadian crude oil exports have gone to the U.S., but trade disputes have highlighted the risks of that dependence. [3, 6, 8, 14, 15, 17]
Canada is advancing infrastructure projects to reach customers in Asia and Europe. The expanded Trans Mountain pipeline to the Pacific coast is already enabling a larger share of exports to go to non-U.S. destinations. [4, 7, 11]
Several large-scale liquefied natural gas (LNG) terminals are under construction or have begun operations, supporting Canada’s long-term effort to reach new global customers. [10, 11]