India and Canada have signed a joint statement on energy cooperation at India Energy Week 2026 in Goa, marking a renewed phase in bilateral engagement and a strategic reset in energy collaboration. The agreement was formalised after talks 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 visit marked the first participation of a Canadian Cabinet Minister at the event and was accompanied by the relaunch of the India–Canada Ministerial Energy Dialogue. Puri said the renewed engagement reflects the complementary strengths of the two countries in the global energy landscape, adding that energy security and supply diversification are central to economic stability. The reset follows directions from the Prime Ministers of India and Canada during their meeting at the G7 Summit in June 2025, where both leaders had called for revitalising high-level and working-level cooperation. The joint statement highlighted significant opportunities for collaboration across hydrocarbons, with Canada expanding LNG, LPG and crude oil exports to Asia, while India continues to scale up refining capacity, domestic production and natural gas usage. Both sides agreed to deepen bilateral energy trade, including Canadian supplies of LNG, LPG and crude oil to India and Indian exports of refined petroleum products to Canada, alongside reciprocal investments in each other’s energy sectors. India is investing nearly USD 500 billion across the energy value chain, while Canada is fast-tracking major energy projects worth more than USD 116 billion, creating strong potential for cross-border partnerships. Climate objectives also form a core pillar of cooperation, with joint efforts planned in emissions reduction, carbon capture, utilisation and storage, and cleaner technologies. The partnership extends to renewable energy, hydrogen, biofuels, sustainable aviation fuel, battery storage, critical minerals, electricity systems, energy supply chain resilience and the application of artificial intelligence in the energy sector. Canada also acknowledged India’s leadership in advancing global biofuels through the Global Biofuels Alliance, where it participates as an observer. Energy transition pathways were discussed at high-level leadership panels during India Energy Week, where experts noted that global gas demand could rise by 30–35 per cent by 2050. Coal-to-gas switching was identified as a key near-term route to reduce emissions while maintaining grid stability. Speakers highlighted India’s expanding gas ecosystem supported by diversified LNG imports, domestic production and sustained infrastructure investments. Puri reiterated that the energy transition should be viewed as energy addition rather than abrupt replacement, stressing that gas-based power would remain an essential complement to renewables. Panellists also emphasised that policy stability, transparent gas markets and infrastructure expansion are crucial to keeping gas and LNG competitive and accessible. On the sidelines of the event, India also strengthened energy partnerships with other countries and companies. Agreements included shipbuilding contracts between ONGC and Mitsui O.S.K. Lines, a crude oil supply contract between BPCL and Petrobras valued at about USD 780 million, and multiple collaborations involving IOC, ONGC, Petronet LNG and GAIL across biogas and city gas distribution projects. Engineers India Ltd showcased indigenous technologies, including tail gas treatment solutions and hydrogen-powered innovations. The renewed India–Canada energy partnership underscores a shared commitment to strengthening energy security, accelerating clean energy adoption and building resilient global energy supply chains.