Canada Eyes India for Energy Exports, Seeks to Reduce US Dependence
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Firstpost•27-01-2026, 16:38
Canada Eyes India for Energy Exports, Seeks to Reduce US Dependence
- •Canadian Energy Minister Tim Hodgson stated Canada aims to increase energy exports to India to diversify its customer base and lessen reliance on the US.
- •Hodgson highlighted India as the world's fastest-growing energy market, identifying crude oil, LNG, and uranium as potential exports.
- •Canada currently sends 98% of its energy resources to the US, a strategy Hodgson called a "big blunder," and sees India as a key partner for diversification.
- •Despite India's current reliance on Russia, Iraq, Saudi Arabia, and Qatar for energy, Canada is building new pipelines to facilitate exports.
- •India's growing nuclear generation plans could particularly boost Canada's uranium supply to the country.
Why It Matters: Canada seeks to diversify energy exports to India, reducing its 98% reliance on the US market.
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