Canada, India strengthening LNG ties

Canada, India strengthening LNG ties

Greg Rickford, Canada’s Minister of Natural Resources, and Dharmendra Pradhan, India’s Minister of State Petroleum and Natural Gas, met in Calgary, Alberta, Canada, for the 2nd India-Canada Ministerial Energy Dialogue.

The two Ministers discussed enhancing energy cooperation between the two countries in the areas of oil, natural gas, clean energy, power transmission and skill development, they said in a joint statement.

The countries already have a significant relationship in liquefied natural gas industry as in March 2014, Indian Oil Corporation acquired 10 % participating interest in the Pacific Northwest LNG proposed at Lelu Island, British Columbia

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. Two Indian companies are currently invested in projects in Canada being proposed by Pacific NorthWest LNG and A C LNG, stands in the statement.

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.

 

LNG World News Staff

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