Envoy says India wants more Canadian oil and gas as uranium deal inked
Oct 2, 2013 / 1:00 pm
OTTAWA - With the ink barely dry on his country's long sought nuclear co-operation agreement, India's top diplomat says his county is setting its sights on increasing the flow of oil and gas imports from Canada.
Indian High Commissioner Nirmal Verma also tells The Canadian Press that his country would like to see the completion of a pipeline to Canada's east coast that would carry Alberta crude to Atlantic Ocean ports.
Verma says India would consider investing in energy infrastructure if the proposed Energy East Pipeline project clears regulatory hurdles and moves ahead.
Canada hasn't cracked the top 20 of India's energy suppliers, but Verma says it has the potential to offer cheaper options to his country.
The two countries just last week finalized their nuclear co-operation agreement, a three-year process that will now allow Canadian uranium to be sold to India to power its growing number of reactors.
India expects to have a dozen new reactors operating in the next decade and wants to at least triple electricity production.
Read more Business News
|QHR Technologies Inc||1.28||+0.09|
|Anavex Life Sciences||0.38||0.00|
|Copper Mountain Mining||1.54||-0.01|
The bank manager just phoned and asked for full and immediate repayment of the line of credit because the latest, (and they were late!), financial statements showed continuing losses and falling sales...
Recently I recorded a video series for my keynote speaking business. It was called from Faith to Future. In one of the episodes, I talked about the concept of using hard work to get out of a difficul...
I saw your comment while reading your business article on Castanet regarding Harvey’s Hamburgers being the “Best Tasting Hamburgers". It is true, Harvey’s usually wins that awa...
- Most actively traded companies on the TSX, TSX Venture Exchange markets
- CIBC logs $836M profit in Q4, cautiously optimistic about next year
- Auto insurers urge holiday season refresher as young drivers return home
- Canadian Press NewsAlert: Canada creates 21,600 jobs, Nov. jobless rate 6.9%
- New CEO will help prepare Royal Bank for future, as divisions feel the pressure
- TD Bank Q4 profit rises to $1.62 billion, adjusted earnings up but miss estimate
- TSX drops 105 points amid mixed earnings from RBC, TD and CIBC, Fed concerns
- Loonie advances, traders look to Canadian, U.S. jobs data being released Friday
- Detroit bankruptcy judge follows up major bench ruling with written opinion, urges compromise
- Barrick Gold critic says Munk's departure will be a positive but concerns remain
- Canada's agriculture minister says time running short on reaching new WTO deal
- Stocks head for a fifth straight loss on Wall Street; Retailers drop on weak results