India and Canada expand energy trade ties
pre-market1 source ↓written by the desknot a recommendation
Canada and India have agreed to expand trade in crude oil, LNG, and LPG, marking a significant reset in energy relations after a diplomatic freeze. This renewed cooperation follows a meeting between Canadian Energy Minister Tim Hodgson and Indian Minister Hardeep Singh Puri.
The agreement aims to strengthen supply chains and diversify trade flows, with Canada increasing energy exports to India while India boosts refined petroleum product exports to Canada. This partnership is expected to enhance energy security for both nations.
Not investment advice. For informational purposes only.