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Sat Feb 23, 2013, 04:49 PM

Canada keen to start uranium (and oil) supplies to India: Envoy

NEW DELHI: Canadian supplies of high quality uranium to India are expected to begin once procedural formalities are completed, the country's envoy has said.

Canada is also keen to ship oil and gas to India while deepening its ties in the fields of space, education and food, said the country's High Commissioner to India Stewart Beck.

Speaking at a media workshop organised by the Canadian High Commission and exchange4media in New Delhi Friday, Beck said: "We will soon sign the agreement for supplies of uranium. It depends on the DAE ( India's Department of Atomic Energy). Canadian uranium is of high quality."

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According to Beck, Canada is also looking at the possibility of shipping oil and gas to India and ministerial dialogue between the two countries are in place to discuss trading in oil, gas and other areas.

For Canada, supplies to India could make better economic sense as its current supplies to the United States are at a discounted price.

"The oil and gas reserves are majorly in the Alberta region in Canada which is landlocked. There could be potential for Canada to take this oil and gas to its East Coast and then to India. Currently, our supplies to the US are at a discount as it is difficult to ship the two energy resources to other countries," Cridland told IANS.

http://timesofindia.indiatimes.com/india/Canada-keen-to-start-uranium-supplies-to-India-Envoy/articleshow/18645216.cms

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