Canada & India join hands for Energy Industry
Canada and India’s growing energy partnership, by strengthening government and business relationships, will help create jobs and long-term economic prosperity for both countries, the Ministers from both sides highlighted during the 2nd India-Canada Ministerial Energy Dialogue.
The Minister of State (I/C) Petroleum and Natural Gas Dharmendra Pradhan met Greg Rickford, Minister of Natural Resources of Canada, in Calgary, Alberta, Canada on July 5 for the 2nd India-Canada Ministerial Energy Dialogue to discuss enhancing energy cooperation between the two countries in the areas of oil, natural gas, clean energy, power transmission and skill development.
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,” he said.
They discussed enhancing energy cooperation between the two countries in the areas of oil, natural gas, clean energy, power transmission and skill development.
Meanwhile, Pradhan emphasised that 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,” he said.
Canada is a secure, reliable and responsible producer and supplier of energy to the world and has the resources and expertise needed to support India’s growing energy needs.
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 also discussed opportunities to increase Indian participation in mining and oil sands activities, to grow Canadian investments in India’s energy infrastructure and further technical collaboration in the areas of clean energy technologies, including solar, wind, power transmission and carbon capture and storage.
Canada and India will also work together to enhance skill development and share knowledge to accelerate the adoption of clean energy technologies. The ministers agreed to intensify, government-to-government as well as business-to-business collaborations in the above noted themes.