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Canada Eyes India's Booming Energy Market to Become Global Superpower

Canadian Energy Minister Tim Hodgson is in India to strengthen bilateral energy ties, marking the first high-level ministerial visit for energy talks in eight years. He emphasized that trading with India's massive and growing market is essential for Canada's ambition to become a global energy superpower. The visit focuses on exporting Canadian liquefied natural gas, uranium, and critical minerals to support India's energy transition and booming demand. Meanwhile, Indian Petroleum Minister Hardeep Puri highlighted India's projected surge in global energy share, underscoring the strategic importance of the partnership.

Key Points: Canada Seeks Energy Trade with India to Boost Exports

  • Canada seeks to deepen energy trade with India
  • India's energy demand to outpace China & Southeast Asia
  • Focus on LNG, uranium, and critical minerals
  • Visit marks first Canada-India energy dialogue in 8 years
  • Part of plan to double Canada's non-U.S. exports
3 min read

"If Canada wants to be an energy superpower, we need to be trading with India," says Canadian Energy Minister

Canadian Energy Minister Tim Hodgson visits India, stressing trade in LNG, uranium, and critical minerals to meet India's surging energy demand.

"If Canada wants to be an energy superpower, we need to be trading our energy... with India. - Tim Hodgson"

Panjim, January 27

Canada's Minister of Energy and Natural Resources, Tim Hodgson, who is in India as a guest at the India Energy week in Goa, said on Tuesday that India is emerging as one of the world's most critical energy markets, stressing the need for Canada to deepen energy trade with New Delhi as global demand surges.

In a post on X, Hodgson said his ongoing visit to India marked a "trip of firsts", including Canada's first-ever federal ministerial presence at India Energy Week and the first Canada-India energy dialogue in eight years.

"If Canada wants to be an energy superpower, we need to be trading our energy and natural resources with one of the world's largest energy markets: India," Hodgson said.

Highlighting India's growing energy needs, the Canadian minister said demand for both conventional and clean energy in India is projected to grow more than in China and all of Southeast Asia combined over the next decade. He said this presents a significant opportunity for Canada, which is seeking to expand its non-U.S. exports.

"That surge in demand, coupled with Canada's ambition to be a clean and conventional energy superpower, makes it clear: we need to be engaging with the Indian market now," Hodgson said, adding that his visit aligns with the Canadian Prime Minister's commitment to double non-U.S. exports, including energy and natural resources.

Hodgson said Canada is positioning itself to supply liquefied natural gas, clean energy, uranium, and critical minerals to India, including through infrastructure such as floating storage facilities for liquefied gas.

"That's the money line: the liquefied gas going into the floating storage tanks," he said, describing it as an opportunity to expand both conventional and clean energy cooperation and support India's energy transition.

During his visit to Goa and Delhi, Hodgson said he will meet Indian government counterparts, industry stakeholders, and Canadian businesses to lay the groundwork for new bilateral trade and investment partnerships

Meanwhile, speaking at the India Energy Week, Union Minister for Petroleum Hardeep Puri said, "As the world's third-largest energy consumer and one of the fastest-growing major economies, India stands at the heart of this global transformation. Our energy demand will continue to expand, with all sources set to grow. By 2050, India's share of global energy demand is projected to rise by nearly 30-35%, reaching around 10 percent of the total global energy demand. Yet, with per capita energy consumption still at only about 40 percent of the global average, India's growth journey remains both necessary and responsible. The Government of India is enabling this growth by building capacity, improving market conditions, and supporting the full energy mix."

- ANI

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Reader Comments

S
Sarah B
Interesting perspective. Canada is clearly looking beyond its traditional US market. India's energy demand story is compelling for any exporter. Hope the talks lead to concrete deals that benefit both economies.
P
Priyanka N
Finally some sense from Canada! We are the market everyone wants to be in. But the deal must be on our terms - good prices, long-term supply security, and technology transfer for clean energy. No more one-sided agreements please.
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Rohit P
Uranium and critical minerals are key. Our nuclear and renewable energy plans need stable supply chains. Canada can be a good partner if they are consistent and don't let politics interfere with business. 🤝
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Michael C
Minister Puri's point about per capita consumption being 40% of global average is crucial. Our energy growth is not just necessary, it's about equity. Partnerships should help us bridge this gap sustainably.
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Kavya N
I appreciate the focus on clean energy cooperation. But let's be clear-eyed. Canada must show it's a trustworthy partner beyond just words. The last few years have shown how quickly relations can sour. The ball is in their court.

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