Not sure if this has been posted but here's another country lining up for our oil/nat gas.
Indian refiners are seeking more Canadian crude as Ottawa looks to double bilateral trade with the fast-growing economy by 2030. Read more.
financialpost.com
India wants more crude exports from Canada's West Coast: Hodgson
Canada's path to becoming an energy superpower runs through India, Energy Minister says
“India has the largest refining industry in the world today, and they are actively taking Canadian crude off the Gulf Coast, because that’s where they can get it in meaningful amounts today,” Hodgson said
“They were very clear with me: they would love to be able to get it off our West Coast, which has significantly shorter shipping times, which means the the economics for them are much better,” he said. “They have interest in both a potential expansion of the (
Trans Mountain pipeline system) or any potential other pipeline that might develop through the efforts of Alberta as a proponent.”
Hodgson noted Friday that India’s energy consumption is expected to more than double by 2040, making it a desirable long-term market for Canadian crude,
liquefied natural gas (LNG) and liquefied petroleum gas (LPG) products like propane and butane.
“Canada produces roughly five to six per cent of the world’s oil today. We are selling less than one per cent of our production to India, so there’s a there’s a real opportunity.”
The remarks come a day after Alberta Premier Danielle Smith said she has ruled out Kitimat, B.C. as a potential terminus for the province’s proposed new oil pipeline. Smith called it “too complex” with “too many channels” for tankers to navigate, alluding to concerns raised by coastal First Nations groups.
Smith has said previously sending Alberta’s crude to the Port of Prince Rupert, on B.C.’s northwest coast, could be a safer option for a new pipeline.