Alberta’s energy minister is wrapping up an 11 day trip through Asia this week to promote Alberta’s oil and gas sector.
Minster Marg McCuaig-Boyd, along with representatives from Alberta’s petroleum producers, met with investors and government officials in China, South Korea, and Japan.
The minister said getting Alberta oil to new markets is vital to strengthening Alberta’s economy,
“This is a critical time for our efforts in the Asia-Pacific basin, which is the world’s largest and fastest growing energy consuming region and a major source of international investment.”
The minister added that countries like South Korea are looking to get away from importing Middle Eastern oil, which can take more than 50 days to reach them, unlike Alberta which can ship oil across the Pacific Ocean in 17 days.
She also touted the Alberta Government’s Climate Leadership Plan which helped push for approval of the Kinder Morgan Trans Mountain Pipeline, which would allow Alberta crude to be pumped to tide water in British Columbia.
Minister McCuaig-Boyd called the pipeline approval a “game-changer” for the Asian market.
On Wednesday Premier Rachel Notley marked the official opening of the Japan Canada Oil Sands Limited Hangingstone project near Fort McMurray.