Canada is hoping to increase energy exports to India to expand its customer base and cut its supply dependence to the US amid increasing tariffs, the Energy Minister Tim Hodgson said on Tuesday.
"The fastest growing demand for energy in the world will be in India," Hodgson said, adding Canada could supply crude oil, liquefied natural gas and uranium to India.
During The Indian Energy Week conference, Hodgson said that exporting 98 per cent of its energy resources to the US was a big blunder, and that saw an opportunity to work with India.
Canada currently does not export crude or LNG to India, which depends mainly on Russia, Iraq and Saudi Arabia for crude, and Qatar for the superchilled fuel, data from analytics firm Kpler showed.
India’s oil imports grew at 2.5 per cent, while LNG cargoes shipped in fell 6.3 per cent in 2025, the Kpler data showed.
"We're now building pipelines to the West Coast. We have three pipelines built here, looking at building more," Hodgson said.
"Canada used to provide 98 per cent of its energy to one customer. We are committed to diversifying our supply. We see the opportunity to work with India," Hodgson said.
After the India-EU trade deal, India can consider this as a big opportunity as India’s push to boost its nuclear generation however, could provide a fillip to Canada's plans to increase uranium supply to India.
