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Top stories of Canada-Asia business and economic relations since September 1999. Following a story? Search the archives.
Beijing-based PetroChina Co. Ltd has signed an agreement to acquire a 20% stake in Anglo-Dutch Royal Dutch Shell PLC’s Groundbirch liquefied natural gas project proposed for Kitimat, B.C., with partners from Asia. In October 2011, Shell in partnership with Korea Gas Corp., Mitsubishi Corp. and China National Petroleum Corp. bought a Kitimat marine terminal. The value of the deal has not...
February 03, 2012
The National Energy Board (NEB) approved an application by BC LNG Export Co-operative LLC (BC LNG) for a licence to export liquefied natural gas (LNG) from Kitimat, British Columbia primarily to Asian markets. The export licence authorizes BC LNG to export 36 million tonnes of LNG, which is equivalent to approximately 47.9 billion m3 of natural gas, over a 20 year period. The maximum annual...
February 03, 2012
Montreal-based ProSep Inc., a process solutions provider to the oil and gas industry, announced that its majority owned South Korean joint venture company, ProSep Kolon Company Ltd., was awarded a contract for the supply of a utility treatment system valued at C$3.3 million. The customer is a South-Korean engineering firm selected to perform engineering, procurement and construction of a gas...
February 02, 2012
Quebec Minister of Health and Social Services, Yves Bolduc, and Maharashtra State Health Minister, Suresh Shetty, have signed a Memorandum of Understanding (MOU) for Joint Cooperation in Health and Social Services in Telemedicine, Tele-trauma and Primary Care. This MOU represents an extension of a joint collaborative agreement signed in 2006. A joint venture was also announced between Quebec...
February 02, 2012
Vancouver-based Castle Peak Mining Ltd. announced that it has entered into a memorandum of understanding with Beijing Donia Resources Co., Ltd. whereby Beijing Donia and its designated business partners intend to make a strategic investment in Castle Peak by acquiring securities to give Beijing Donia a 30.5% equity interest in Castle Peak for gross proceeds of approximately C$5.5 million. Under...
February 02, 2012
Calgary-based SemBioSys Genetics Inc. announced that its product and platform development collaboration agreement with Tasly Pharmaceutical Co., Ltd of Tianjin, China, and its wholly-owned subsidiary Tasly US has received all necessary Chinese government approvals and the business license for the newly formed company based in Tianjin, China, Tasly-SemBioSys Bio-Pharmaceutical, Technology Co., Ltd...
February 02, 2012
Strathmore Minerals Corp. of Kelowna, B.C., a resource company that specializes in the exploration and development of uranium properties in the United States, announced that it will sell 13.9% of its company to Korea-based Korea Electric Power Corp. (KEPCO). The deal, worth approximately C$8 million, will involve Strathmore selling KEPCO approximately 14.6 million shares at C$0.55 per share. The...
February 01, 2012
Agriculture and Agri-Food Canada’s Trade Commissioner and Market Development Division, in collaboration with the Canadian Trade Office, is inviting Canadian companies to participate in the 27th edition of Aahar 2012 International Food & Hospitality Fair in New Delhi, India from March 12 -16, 2012. Aahar 2012 is divided in two independent shows: Food India, which covers processed food;...
February 01, 2012
Star Alliance member Air China has been awarded Transit Without Visa (TWOV) and China Transit Trial (CTT) status from the Government of Canada, effective February 1, 2012. As a result, citizens of certain Asian countries and China who are in direct transit through Vancouver International Airport on their way to or from the United States will not be required to obtain a Canadian Temporary...
January 31, 2012
The Board of Trade of Metropolitan Montreal and World Trade Centre Montréal announced the signing of a memorandum of understanding (MOU) with World Trade Centre Mumbai and All Indian Association of Industries, both of India, as part of the 2012 Quebec-India trade mission headed by Minister of Health and Social Services of the Government of Quebec, Dr. Yves Bolduc. The mission has brought...
January 31, 2012