Ottawa and New Delhi agreed to expand trade in hydrocarbons as Energy Minister Tim Hodgson visited India.
The two countries issued a joint statement on Jan. 27 highlighting potential areas of cooperation. The statement says that Canada’s priority to diversify its energy exports, coupled with India being a top consumer of oil and gas, “offers a natural and symbiotic partnership grounded in scale, stability, and long-term opportunity.”
Hodgson and Indian Petroleum and Natural Gas Minister Hardeep Singh Puri have agreed to deepen bilateral energy trade, with Canada supplying liquefied natural gas (LNG), liquefied petroleum gas (LPG), and crude oil. Meanwhile India, having the fourth largest refining capacity in the world, could supply refined oil products to Canada. The statement adds that Hodgson and his counterpart recognize the “importance of climate-related objectives.”…