JOURNAL ARTICLE

Canada Plugs Nation as 'Reliable' Energy Partner as Oil Soars.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Amin, Haslinda; Choi, Soo-Hyang 3 of 3

Abstract

The article focuses on Canadian International Trade Minister Maninder Sidhu’s promotion of Canada as a stable and reliable energy supplier amid rising oil prices and geopolitical tensions affecting the Strait of Hormuz. During a visit to South Korea, Sidhu highlighted Canada’s capacity to supply crude oil, liquefied natural gas (LNG), and nuclear power, emphasizing shorter shipping times from Canada’s west coast to Asia compared to the Gulf of Mexico. South Korea, heavily dependent on Middle Eastern energy imports, is seeking more diverse and stable energy sources to support its energy-intensive growth sectors, including artificial intelligence. The visit also coincides with South Korea’s bid, led by Hanwha and HD Hyundai Heavy Industries, to build submarines for Canada, a contract seen as an opportunity to boost trade and investment amid US tariffs on Canadian industries. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/04, pN.PAG
  • Document Type:Article
  • Subject Area:Politics and Government
  • Publication Date:2026
  • Accession Number:192728362
  • Copyright Statement:Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.