Montreal – Three Canadian energy leaders will be in Montreal this week to talk about business opportunities for Quebec companies in Canada’s energy industry – which is forecasted to be significant over the next decade.
The session, co-presented by the Montreal Board of Trade and Alberta Enterprise Group (AEG) features senior executives from TransCanada, Suncor Energy and Canadian Natural Resources Limited each having substantial interests in the Canadian energy industry.
“Quebec companies are already significant players in Canada’s energy industry but we feel there’s tremendous potential for growth,” said AEG President Tim Shipton.
“Canadian energy companies search the globe for partners and suppliers, but we think Quebec can play a bigger role,” said Shipton, noting that Alberta is already Quebec’s second largest trading partner next to Ontario. “Canada’s energy industry, if it’s going to really succeed, needs the participation and investment of all provinces – especially Quebec.”
Oil sands pioneer Suncor will speak about their diversified asset base including their oil sands operations in Alberta, and also spotlight their downstream assets in Quebec.
“Suncor has been operating in Quebec for almost 60 years and we currently work with over five hundred suppliers and contractors in the province,” said Suncor Vice President, Government Relations, Heather Kennedy. “Alberta is an overheated market. There’s a large demand for skilled labour, suppliers, equipment manufacturing and maintenance and we are hoping to meet some of this demand by using more contractors and suppliers here in Quebec.”
Canadian Natural is one of the largest independent oil and natural gas producers in the world, with a diverse asset portfolio that includes natural gas, light oil, heavy oil, in situ oil sands production, as well as the Horizon oil sands mine and associated upgrading facilities. In Horizon Phase 1, Canadian Natural expended approximately $450 million in Quebec and hopes to build on that strong base.
TransCanada will discuss their proposed “Energy East” project and the benefits to Canada and Quebec and will focus on opportunities for Quebec companies to be a part of the re-purposing and construction phase of the proposed project.
This session builds off a successful 2012 AEG-organized mission that brought more than 40 Alberta business leaders to Montreal and Quebec City to meet with business and political leaders to explore avenues for increased economic cooperation.
The event will be held on June 14 at the Sheraton Centre Hotel, beginning at 8:00 a.m.
Alberta Enterprise Group is a member-based, non-profit business advocacy organization. AEG members employ more than 150,000 Canadians in every sector of the economy.