India and Canada sign Joint Statement on Energy Cooperation at India Energy Week 2026 in Goa

Key facts

• India and Canada signed a Joint Statement on Energy Cooperation on the sidelines of India Energy Week 2026 in Goa.
• The Joint Statement was signed after 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.
• The meeting marked the first high-level participation of a Canadian Cabinet Minister at India Energy Week.
• The renewed India–Canada Ministerial Energy Dialogue was launched during the meeting.
• Directions for the engagement were given by the Prime Ministers of India and Canada during their interaction on the sidelines of the G7 Summit in June 2025 in Kananaskis, Canada.
• Canada aims to become an energy superpower in clean and conventional energy through expanding LNG projects, increased crude oil exports via the Trans Mountain Expansion pipeline, and growing LPG exports from its west coast.
• India is the world’s third-largest oil consumer, fourth-largest LNG importer, and a major refining hub expected to account for over one-third of global energy demand growth over the next two decades.
• Both countries agreed to deepen bilateral energy trade, including Canadian LNG, LPG, and crude oil supply to India and export of refined petroleum products from India to Canada.
• Canada noted accelerated energy project approvals and India highlighted ongoing reforms and investment opportunities worth nearly USD 500 billion across the energy value chain.
• Areas identified for collaboration include renewable energy, hydrogen, biofuels, sustainable aviation fuel, battery storage, critical minerals, electricity systems, energy supply chain resilience, and artificial intelligence in the energy sector.