Mission and Vision

Our mission is to provide relevant, independent and objective economic research in energy and environmental issues to benefit business, government, academia and the public.

The Institute envisaged by the Board of Directors is a unique research-focussed organization whose output and staff are very highly regarded and respected both in Canada and abroad.

CERI's economic studies are highly relevant and objective and the analysis and advice contained therein are sought by government and business planners and decision-makers.

CERI is envisaged as being a premier centre in its field in Canada and one of the most prestigious energy economics research institutes in the world. Because of its reputation, the Institute is often represented on national and international advisory panels and at conferences and symposiums deliberating energy and related environmental issues.

Members of the research team are proud to belong to an organization which is sought after by Canadian and foreign organizations because of its analytical capabilities and the insight and knowledge which it brings to a wide range of issues. Potential staff members are attracted to CERI literally from around the globe because of the challenging issues being addressed at the Institute and its reputation.

Mission
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Commodity Report - Crude Oil

CERI Commodity Report - Crude Oil
Dinara Millington, Editor-in-Chief


CERI Commodity Report - Crude Oil is an original, thought provoking publication focusing on short-term developments (including geopolitical ones) in the world oil market, as well as issues impacting the oil market in the longer term. The outlook section provides information and analysis pertaining to the oil market eight quarters into the future. This includes forecasted (and historical) supply, demand and inventory information, comparisons with other organizations' forecasts, information pertaining to OPEC behavior and the forward market, as well as CERI's oil price forecast. The Data Appendix provides in-depth information on the world, US and Canadian oil markets. This publication is released monthly.  Click on the link below to get the latest edition.

Crude Oil Report

Commodity Report - Natural Gas

CERI Commodity Report - Natural Gas

Dinara Millington, Editor-in-Chief

CERI Commodity Report - Natural Gas is a monthly publication that examines near-term North American natural gas market fundamentals. Coverage includes the key drivers of natural gas activity, supply, demand, and storage, as well as weather expectations, and their impacts on natural gas prices. The report comments on a broad range of elements: active rig count, well licensing, completions, production volumes, Canadian system receipts, LNG imports, energy commodity prices, and so on. The basic elements are consistent from issue to issue. Additional topical articles and reports vary with the marketplace annual cycle, gas industry activity, impacts of other energy sectors, and global issues affecting North American natural gas.  

Click on the link below to see the latest edition.

Natural Gas Report

Open Energy Data App

Open Energy Data App

CERI is pleased to announce the completion of Stage 1 of its Open Energy Data App. As a method of improving energy literacy for the average person, the Open Energy Data App (OEDA) will allow the user to access Canadian energy data in an easy to understand, concise, and unbiased framework.

Stage 1 contains charts and information relating to natural gas production, consumption, storage, exports and pricing.  These charts are in a form that can easily be viewed and read from smart phones, tablets and computers accessible through the link below.

http://openenergy.ceri.ca

Dedicated apps for iPhones, iPads and Android devices are nearing completion and will be available shortly.

Subsequent Stages of the App will include information on crude oil and oil sands, and eventually electricity. 

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Western Canada Crude Oil Forecasts and Impacts (2015-2035)
Released July 2015

Conventional crude oil developments in Western Canada will be impacted by the low oil price over the next three years.  This newly released report from the Canadian Energy Research Institute indicates that production will drop from more than 1.3 Million bbls/day in 2014 to less than 1.1 Million bbls/day by 2017.  From that point, production will gradually increase and stabilize at 1.4 million bbls/day for the last half of the forecast period.

Crude oil development and production will contribute $1,308 billion in GDP over the next 20 years, and create 5,646 thousand person years of employment.  The annual GDP contribution is approximately $65 billion.  The number of jobs generated by this sector will rise from approximate 131,000 in 2015 to 346,000 in 2035.

 
 
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Western Canada Natural Gas Forecasts and Impacts (2015-2035)
Released July 2015


The Western Canada Natural Gas market provides significant economic benefits in terms of GDP contributions and job creation to Canada.  Natural gas is produced mainly in British Columbia, Alberta and Saskatchewan.  This study shows that over the next 20 years, this market will be affected by Liquefied Natural Gas (LNG) exports from Canada and the United States, as well as domestic production in the US.

Natural gas development and production will contribute $2,277 billion in GDP over the next 20 years, and create 10,240 thousand person years of employment.  The annual GDP contribution is approximately $114 billion.  The number of jobs generated by this sector will rise from approximate 248,000 in 2015 to 649,000 in 2035

 
 
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Oil Sands Industry Energy Requirements and Greenhouse Gas (GHG) Emissions Outlook (2015-2050)
Released August 2015


In 2013, the oil sands sector GHG emissions of 62 million tonnes of carbon dioxide equivalent (MMt CO2 eq.) was 23 percent of total provincial emissions of 267 MMt CO2 eq. and 8.5 percent of the total national emissions of 726 MMt CO2 eq.  The federal government has recently announced its intentions to reduce national GHG emissions to 30 percent below 2005 GHG emissions (of 749 MMt CO2 eq./year) by 2030.  This Canadian Energy Research Institute report quantifies GHG emissions associated with energy use from the oil sands industry, including fuel used to generate electricity to meet production requirements.

 
 
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Canadian Oil Sands Supply Costs and Development Projects (2015-2035)
Released August 2015

Data files available for download.

Each year the Canadian Energy Research Institute (CERI) publishes its long-term view for Canadian oil sands supply costs and production. This is the tenth annual edition of CERI’s oil sands supply cost and development projects update. In-situ steam assisted gravity drainage (SAGD) costs for the oil sands are C$58.65/bbl and surface mining costs are C$70.18/bbl.  These greenfield cost estimates are 10% higher than last year for SAGD and 7% lower for a standalone mine.  Oil sands investments and operations provide economic benefits to the whole country but the three provinces with the most significant GDP benefits are Alberta (C$3,600 billion), Ontario (C$221 billion) and British Columbia (C$105 billion) over the 20 year period (2015-2035).Over that time employment generated in those three provinces are 16 million person years, 1.6 million person years, and 900 thousand person years of employment respectively.

 
 
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LNG Liquefaction for the Asia-Pacific Market:  Canada's Place in a Global Game
Released June 2015

The Canadian Energy Research Institute is pleased to release a report titled “LNG Liquefaction for the Asia-Pacific Market: Canada’s Place in the Global Game”.  The conclusion of the study indicates that Canada’s West Coast Liquefied Natural Gas (LNG) project proposals are cost competitive internationally.

The study assesses the supply and demand balance for LNG in the Asia-Pacific region.  The demand for natural gas in growing Asian economies can be provided from regions around the world, Canada being one of them. Cost competitiveness is crucial if new liquefaction projects are to be built.  Investors must consider the capital cost of the projects, accessibility of the natural gas resource and the transportation costs from the liquefaction plant to the regasification facility.  When all these factors are considered, Canada’s West Coast project proposals are in line with the normal costs experienced globally, and lower than the Sabine Pass facility located on the US Gulf Coast.

For a generic LNG project proposal on the British Columbia coast, the study found:

  1. Capital costs of approximately $865/tonne of capacity.
  2. Delivered cost to Japan of approximately $11.20 per million cubic feet of natural gas.
  3. BC LNG projects are viable in the Japanese market at their landed oil index price of $70/barrel.

 
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