Varcoe: As Canada seeks more trade partners, oil and gas is 'front foot that we're leading with'
For decades, almost all Canadian oil and natural gas exports headed in only one direction: south to the United States.
That’s still largely the case, but with the startup of the Trans Mountain expansion in mid-2024 and the LNG Canada project last summer, oil and supercooled natural gas produced in the country are reaching other international destinations in growing volumes.
And in a world rocked by uncertainty, the federal government is looking for more trade partners as it seeks to secure markets for Canadian energy.
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“The message is positive and constructive, and is the right message,” Tristan Goodman, president of the Explorers and Producers Association of Canada, said Monday.
“Our oil will continue to move to the United States, regardless of the current sort of problems or concerns, difficulties, that are being seen between the two countries. But to diversify is fairly critical, and the best places to diversify are going to be China and India.”
Returning from a trade trip to India last week, federal Natural Resources Minister Tim Hodgson touted the importance of the world’s most populous country to increasing Canadian exports.
“Given that Canada is serious about being an energy........
