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Despite the headwinds facing the Canadian oilpatch, the industry would likely add another 2.5 million barrels per day of crude oil by 2040, but don’t expect the country’s liquefied natural gas export industry to start up anytime soon, according to a new International Energy Agency report.

The International Energy Agency’s latest World Economic Outlook (WEO) charts an uncertain future for the world’s energy sector. While the Paris-based energy watchdog’s prognosis has been a hit-and-miss affair over the years, it nevertheless serves as a reference point for the global oil and gas sector and its 29-member countries including Canada, the United States and Germany.

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The IEA acknowledges its limitation as a forecaster in its report published Tuesday.

“It will be no surprise to find, in five or twenty-five years’ time, that the outcome doesn’t match the figures in the WEO. So, why do we bother?” IEA executive director Fatih Birol, asks in the foreword.