India and Canada recently signed a joint statement on energy cooperation on the sidelines of India Energy Week 2026 in Goa, marking a renewed push to deepen bilateral engagement across conventional and clean energy value chains. The announcement followed a bilateral meeting between Hardeep Singh Puri, Minister of Petroleum and Natural Gas, and Timothy Hodgson, Minister of Energy and Natural Resources of Canada, and included the launch of the renewed India–Canada Ministerial Energy Dialogue. Both sides reaffirmed the strategic importance of energy security and diversified supply chains for economic stability and long-term growth. The engagement follows directions given by the Prime Ministers of India and Canada during their interaction on the sidelines of the G7 Summit in June 2025, underscoring the intent to restart structured ministerial and working-level cooperation. Recognising the complementary nature of their energy sectors, the Ministers highlighted opportunities to deepen bilateral energy trade. Canada’s expanding capabilities in LNG, LPG and crude oil exports align with India’s position as the world’s third-largest oil consumer, fourth-largest LNG importer and a major refining hub. The two countries agreed to explore long-term collaboration, including supply of Canadian LNG, LPG and crude oil to India, and export of refined petroleum products from India to Canada. The joint statement also emphasised strengthening commercial and investment partnerships. Canada highlighted accelerated energy and resource projects exceeding USD 116 billion, while India outlined policy reforms and investment opportunities of about USD 500 billion across the energy value chain. Both sides agreed to facilitate reciprocal investments and long-term partnerships in each other’s energy sectors. On clean energy and climate objectives, the Ministers noted significant scope for cooperation in renewables, hydrogen, biofuels, sustainable aviation fuel, battery storage, critical minerals, electricity systems and carbon capture utilisation and storage. They also highlighted collaboration through multilateral platforms, including the Global Biofuels Alliance, where Canada participates as an observer. The joint statement reaffirmed continued government-to-government dialogue, closer business-to-business engagement and collaboration through bilateral and multilateral mechanisms, positioning India and Canada as long-term partners in ensuring secure, resilient and sustainable global energy systems.