India–Canada Energy Partnership Gets Fresh Momentum at India Energy Week 2026

India and Canada have taken a major step towards strengthening their strategic energy partnership with the signing of a Joint Statement on Energy Cooperation during India Energy Week 2026 (IEW 2026) in Goa. The agreement signals renewed momentum in bilateral relations, with a clear focus on energy security, clean energy transition and long-term economic collaboration.

The Joint Statement was signed between the Ministry of Petroleum and Natural Gas, Government of India, and Natural Resources Canada, following high-level talks between Union Minister Hardeep Singh Puri and Canada's Minister for Energy and Natural Resources, Timothy Hodgson. Significantly, this marked the first-ever participation of a Canadian Cabinet Minister at India Energy Week, underscoring the growing strategic weight of the partnership.

Ministerial Energy Dialogue Relaunched

The meeting also formalised the relaunch of the India-Canada Ministerial Energy Dialogue, a key institutional platform designed to ensure sustained government-to-government engagement. The move follows discussions between the Prime Ministers of both countries on the sidelines of the G7 Summit in Kananaskis, Canada, in June 2025, where leaders agreed to reset and strengthen bilateral cooperation.

Both sides noted that energy security and supply chain diversification have become central to national growth strategies, particularly amid global geopolitical uncertainty and the accelerating pace of energy transitions.

Complementary Energy Strengths

The Joint Statement highlighted the natural complementarity between the two countries' energy ecosystems. Canada, positioning itself as a global energy powerhouse, is expanding both traditional and clean energy exports, with Asia identified as a priority market. Its growing LNG capacity, crude oil exports through the Trans Mountain Expansion (TMX) pipeline, and LPG shipments via the west coast strengthen its credentials as a reliable supplier.

India, meanwhile, continues to consolidate its position as a cornerstone of global energy demand. As the world's third-largest oil consumer, fourth-largest LNG importer, and a major refining hub, India is expected to account for more than one-third of global energy demand growth over the next two decades. Efforts to boost domestic production, expand refining capacity and raise the share of natural gas further enhance India's appeal as a long-term partner.

Against this backdrop, both countries agreed to deepen bilateral energy trade, including:

• LNG, LPG and crude oil supplies from Canada to India
• Exports of refined petroleum products from India to Canada

Driving Investment Across the Energy Value Chain

The Joint Statement placed strong emphasis on boosting mutual investments and commercial partnerships. Canada highlighted recent institutional reforms, including the establishment of a Major Projects Office and the fast-tracking of energy and resource projects valued at over USD 116 billion.

India outlined wide-ranging reforms and investment opportunities across the energy value chain, with cumulative potential exceeding USD 500 billion. Both ministers agreed to encourage long-term partnerships between Indian and Canadian companies to unlock value and accelerate project execution.

Aligning Climate Action with Economic Growth

Recognising shared climate commitments, both sides agreed to collaborate on emission reduction and clean energy deployment while ensuring energy access and affordability. Priority areas of cooperation include:

• Carbon Capture, Utilisation and Storage (CCUS)
• Renewable energy, including hydrogen, biofuels and sustainable aviation fuel
• Battery storage and critical minerals
• Clean technologies and electrification
• Energy supply chain resilience
• Use of Artificial Intelligence in the energy sector

The ministers also noted continued cooperation under the Global Biofuels Alliance, where Canada currently participates as an observer.

A Forward-Looking Partnership

Reaffirming their shared intent, India and Canada agreed to strengthen secure and diversified energy supply chains, maintain regular government-to-government dialogue, promote business-to-business and business-to-government collaboration, and work together through bilateral and multilateral platforms to support global climate goals.

As global energy systems undergo rapid transformation, the India-Canada Joint Statement sets the foundation for a stable, forward-looking and mutually beneficial partnership, positioning both nations as trusted collaborators in shaping the future of global energy.