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Indian state looks to invest in Canadian LNG

16th July 2012

India is looking to import Canadian LNG it emerged during a reception organised by the Indo-Canada Chamber of Commerce

An export LNG terminal in Canada is being eyed to supply gas to India

The Gujarat government and several Indian companies are looking to invest in an export LNG terminal in Canada for importing gas from the country, according to reports.

“The State Government and Indian companies are ready to invest in Canada if the Harper Government is willing to export LNG to India,” D.J. Pandian, Principal Secretary in the state’s Energy and Petrochemicals Department said.

 “Gujarat wants to tap cheaper natural gas in Canada and is ready to invest in a LNG export terminal in the country, and a few Indian companies have made preliminary agreements to invest in such projects,” Pandian said.

He invited Canadian businesses to participate in large numbers in the forthcoming Vibrant Gujarat Global Trade Summit to be held in Gandhi Nagar from 8-13 January 8-13 and take advantage of the vast business opportunities in the state.

“The successful conclusion of a comprehensive economic partnership agreement would lead to more opportunities for bilateral trade and economic cooperation between Canada and India,” ICCC President, Naval Bajaj said:

Preeti Saran, Consul General of India, said: “A comprehensive economic partnership agreement holds great promise and will create more jobs and increase prosperity in both the countries.”

Frank Scarpitti, Mayor of Markham, announced that he will take a delegation to the summit to invite Indian businesses to invest in Canada.

 

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