India, Canada pitch for greater tie-ups in energy sector
07/07/2015 14:46

India and Canada, which share strong bilateral trade relationship, are considering enhancing energy cooperation between the two countries in the areas of oil, natural gas, clean energy, power transmission and skill development.

“India and Canada share common values and ideals and believe in long-term sustained partnerships. Our Energy Cooperation is steadily growing but the potential is much higher – Let’s convert the potential into reality,” said Dharmendra Pradhan, the Minister of State for Petroleum and Natural Gas in a meeting with Greg Rickford, Minister of Natural Resources of Canada.

Speaking on the occasion, Rickford said “Canada’s growing energy relationship with India is helping create jobs and long-term prosperity for both of our countries. We stand ready to expand our strategic partnership through greater cooperation based on our complementarity of energy interests.”

Both the Ministers highlighted Canada and India’s growing energy partnership, by strengthening government and business relationships, to help create jobs and long-term economic prosperity for both countries.

Moving forward, Canada could potentially supply a significant amount of the 44 billion cubic metres of natural gas that India is forecasted to import annually by 2025. Indian companies are actively engaged in projects in Canada including projects by Pacific NorthWest LNG and A C LNG.

The Ministers have committed to continuing to explore opportunities of mutual benefit in the energy sector. They are scheduled to meet again in 2016 in India for their 3rd India-Canada Ministerial Energy Dialogue.