Canada is seeking to broaden its energy export base by strengthening supplies of natural gas and other fuels to India, as part of a strategic shift away from heavy reliance on the U.S. market, Energy Minister Tim Hodgson said at the Indian Energy Week conference in Goa. The minister characterized Canada’s historical dependence on the United States as a “strategic blunder,” signaling a policy recalibration that could see increased flows of Canadian energy, including Natural Gas, to one of the world’s fastest-growing energy consumers. The move underscores both countries’ interest in diversifying trade relationships and securing long-term fuel supply amid evolving global energy and geopolitical dynamics.
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Over the past month, prices for CM:NG have advanced about 22.8%, reflecting stronger demand expectations and shifting trade flows as markets reassess supply routes and future liquefied natural gas (LNG) capacity. From a short-term trading perspective, the 1-day technical analysis rating for CM:NG currently stands at Buy, suggesting near-term bullish momentum despite ongoing volatility and policy uncertainty surrounding global gas markets. Investors can explore more updates, prices, and analysis across global markets at Commodities.