India, Canada discuss investments at Energy Dialogue

The Minister of State (I/C) for Petroleum and Natural Gas Mr. Dharmendra Pradhan co-chaired the 3rd India-Canada Energy Dialogue with Mr. James Gordon Carr, Minister of Natural Resources of Canada in New Delhi recently.

It must be noted that that the Canada and India bilateral relationship was elevated to Strategic Partnership during the visit of Prime Minister Mr. Narendra  Modi to Canada in 2015. Canada is also a prominent G-20 member.

During the Energy Dialogue, both sides discussed aspects of bilateral energy sector engagements. In a joint statement, both sides disclosed that discussion were chiefly around Indian investments in Canadian upstream sector, sourcing of crude and technologies from Canada, and the recently launched Discovered Small Fields Bidding Round.

Both sides also discussed regulatory best practices in the hydrocarbon sector, collaboration in the field of technology, including R&D, Shale gas and gas hydrates technology and clean fuel technology.

In the spirit of growing partnership and friendship in the hydrocarbon sector, both sides also discussed their commitment to expand, enhance and deepen the scope of Canada-India Energy Dialogue through mutual consultation, including in trade and investment in oil and gas, clean technology, electricity, renewables and energy efficiency. Both agreed to work towards enhancing understanding of policies, programs and regulatory practices in both countries.

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