Shafaqna English– A Canadian executive forecast on Tuesday(8 Sep 2026) that Asia, spearheaded by China, will purchase up to 70% of Canada’s crude oil exports in the near future. This surge in Asia’s share will follow the completion of a capacity expansion project on Canada’s sole pipeline linking to the Pacific coast, scheduled for the end of 2028.
This infrastructure project will open new horizons for Canadian oil exports and create a new equilibrium in the global energy market.With the pipeline capacity expansion, Canada can access Asia’s dynamic and growing markets while reducing its reliance on the United States.
This strategic realignment comes as China, the world’s largest oil importer, seeks to diversify its supply sources. As a result, energy cooperation between Canada and Asia could evolve into a win-win relationship that meets Asia’s energy needs while bolstering Canada’s economy.
Source: Reuters