India and Canada have renewed their energy partnership by signing a Joint Statement on Energy Cooperation on the sidelines of India Energy Week (IEW) 2026 in Goa, underscoring their intent to expand collaboration across conventional and clean energy sectors.
The Joint Statement was signed after a bilateral meeting between India’s Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, and Canada’s Minister of Energy and Natural Resources, Timothy Hodgson. The engagement marked the first participation of a Canadian Cabinet Minister at India Energy Week and formally launched the renewed India–Canada Ministerial Energy Dialogue.
The talks followed directions from the Prime Ministers of both countries, who, during their interaction at the G7 Summit in June 2025 in Kananaskis, Canada, had stressed the need to restart senior-level ministerial and working engagements. Both sides highlighted energy security and diversity of supply as critical pillars for economic stability and long-term growth.
Recognising the complementary strengths of their energy sectors, Canada reiterated its ambition to emerge as a global energy superpower in both clean and conventional fuels. This includes expanding LNG capacity, increasing crude oil exports to Asia via the Trans Mountain Expansion pipeline, and growing LPG exports from its west coast. India, meanwhile, is the world’s third-largest oil consumer, fourth-largest LNG importer, and a major global refining hub, and is expected to drive over one-third of global energy demand growth over the next 20 years.
The ministers agreed to deepen bilateral energy trade, including the supply of Canadian LNG, LPG and crude oil to India, as well as exports of refined petroleum products from India to Canada. They also emphasised joint commercial and investment partnerships, citing Canada’s faster energy project approvals and India’s energy-sector investment opportunities estimated at nearly USD 500 billion.
The Joint Statement also reflected shared climate goals, with cooperation planned in carbon capture, utilisation and storage, renewable energy, hydrogen, biofuels, sustainable aviation fuel, battery storage, critical minerals, resilient energy supply chains, electricity systems and the use of artificial intelligence in the energy sector.
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