Tribunnews Reporter, Mikael Dafit Adi Prasetyo
TRIBUNNEWS.COM, LONDON – Canada will provide more oil, gas and uranium to help solve the global energy crisis, after the prices of some commodities soared as a result of Russia’s invasion of Ukraine.
The Canadian Minister of Natural Resources is committed to helping as many countries as possible to replace Russian oil and gas.
Canada, the world’s fourth-largest oil producer, has also committed to exporting an additional 200,000 barrels of oil.
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The Minister of Natural Resources, Jonathan Wilkinson, said his party would also export an additional 100,000 barrels of natural gas.
This was a request from its allies at a meeting of world energy ministers at the International Energy Agency (IEA) in Paris, who pledged to accelerate the move to clean energy.
“We expect by the end of the year we will fully reach 300,000 barrels,” Wilkinson said.
However, that is only a fraction of the three million bpd the IEA says will be removed from global markets next month due to sanctions against Russia.
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Canada’s largest pipeline company, Enbridge, said it was ready to do whatever it took to improve energy security in North America and Europe.
Meanwhile, Canada has joined the US and UK in reducing Russian oil imports.
This has sent oil prices up nearly $130 per barrel since the war in Ukraine began.
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