India considers investing in Canadian pipeline projects

Oct 04, 2013 With the ink barely dry on his country’s long sought nuclear co-operation agreement, India’s top diplomat says his county is setting its sights on increasing the flow of oil and gas imports from Canada. Indian High Commissioner Nirmal Verma also tells The Canadian Press that his country would like to see the completion of a pipeline to Canada’s east coast that would carry Alberta crude to Atlantic Ocean ports. Verma says India would consider investing in energy infrastructure if the proposed Energy East Pipeline project clears regulatory hurdles and moves ahead. Canada hasn’t cracked the top 20 of India’s energy suppliers, but Verma says it has the potential to offer cheaper options to his country. The two countries just last week finalized their nuclear co-operation agreement, a three-year process that will now allow Canadian uranium to be sold to India to power its growing number of reactors.