The AER releases Annual Reserves and Supply/Demand Outlook Report online
The Alberta Energy Regulator’s (AER’s) annual reserves and supply/demand outlook is out, and it’s easier to use than ever.
The interactive online approach to ST98: 2017 Alberta’s Energy Reserves & Supply/Demand Outlook allows users to find, customize, and create figures and data according to their specific needs.
Published since 1961, ST98 reports on Alberta’s energy resources, how they are produced, and how they are used.
“While ST98 might seem like a technical report best approached by economists, there are stories in the numbers—stories about the economy, Alberta, and its resources that have wideranging consequences,” explained Carol Crowfoot, vice-president of Regulatory Development & Economics at the AER. “The format brings these stories to the forefront, giving an all-encompassing view of Alberta’s energy landscape, now and for the next ten years.”
According to ST98, Alberta remains the largest producer of natural gas and oil in Canada, despite crude oil prices dropping 11 per cent in 2016.
The AER’s report highlights remaining reserves and historical production of Alberta’s bitumen, oil, coal, natural gas, natural gas liquids, and sulphur in 2016. The report also examines production and demand trends to 2026, giving industry and investors information they can use to assess investment opportunities in Alberta’s energy sector.
“It’s important to understand that the information contained in this report is holistic and unbiased. It is generated independently by the AER’s technical staff, as opposed to many other jurisdictions that rely on industry surveys,” Crowfoot emphasized.
This annual reserves report is an important tool used in tracking energy development in the province, and it helps the AER deliver on its mandate to ensure that development is safe and environmentally responsible.