The United States is likely to remain partly reliant on Canada for oil and gas on its road to energy independence, Canadian Natural Resources Minister Joe Oliver told CNBC in an interview this week.
Both the U.S. and Canada are emerging players in the worldwide natural gas export market. A U.S. shale boom is helping the world's biggest energy consumer become less reliant on energy imports, but "the U.S. will still need Canada," Oliver said.
Shale gas development is booming around the world, and countries are seeking to capitalize on its benefits. Much like the U.S., Canada is a newcomer to the liquid natural gas (LNG) export game, having shipped a mere 2 million cubic feet abroad last year, according to the U.S. Energy Information Administration.