Sign joint statement on energy cooperation at India Energy Week 2026

India and Canada signed a Joint Statement on Energy Cooperation on the sidelines of India Energy Week (IEW) 2026 in Goa, reaffirming their commitment to strengthen bilateral collaboration in conventional and clean energy sectors.

The Joint Statement was signed following a bilateral meeting between Union Minister for Petroleum and Natural Gas Hardeep Singh Puri and Canada’s Minister of Energy and Natural Resources Timothy Hodgson, marking the first high-level participation of a Canadian Cabinet Minister at India Energy Week. The meeting also saw the launch of the renewed India–Canada Ministerial Energy Dialogue, with both sides underscoring the importance of energy security and diversity of supply for economic stability and growth.

The engagement followed directions from the Prime Ministers of India and Canada during their interaction on the sidelines of the G7 Summit in June 2025 in Kananaskis, Canada, where both leaders emphasised restarting senior ministerial and working-level engagements.

Recognising the complementary nature of their energy sectors, the two countries highlighted significant opportunities for collaboration. Canada reiterated its ambition to emerge as an energy superpower in clean and conventional energy, supported by expanding LNG projects, increased crude oil exports to Asia through the Trans Mountain Expansion pipeline, and growing LPG exports from its west coast. India, as the world’s third-largest oil consumer, fourth-largest LNG importer and a major refining hub, is expected to account for over one-third of global energy demand growth over the next two decades.

Both sides agreed to deepen bilateral energy trade, including the supply of Canadian LNG, LPG and crude oil to India, and the export of refined petroleum products from India to Canada. The Ministers also stressed the importance of joint commercial and investment partnerships, noting Canada’s accelerated energy project approvals and India’s ongoing reforms and investment opportunities worth nearly USD 500 billion across the energy value chain.

The Joint Statement also highlighted shared climate objectives, including emission reduction in conventional energy systems through carbon capture, utilisation and storage, and cooperation in clean energy value chains. Areas identified for collaboration include renewable energy, hydrogen, biofuels, sustainable aviation fuel, battery storage, critical minerals, electricity systems, energy supply chain resilience and the use of artificial intelligence in the energy sector.

The Ministers reaffirmed their commitment to continued government-to-government dialogue through the India–Canada Ministerial Energy Dialogue, enhanced business-to-business cooperation, and engagement through bilateral and multilateral mechanisms to support global climate goals.