India–Canada Ministerial Energy Dialogue revived
Both sides eye LNG supplies and long-term investments
New Delhi, Jan 27: India and Canada on Tuesday agreed to strengthen cooperation in the energy sector after signing a joint statement on the sidelines of India Energy Week (IEW) 2026 in Goa.
The understanding was reached during 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 also saw the formal launch of the renewed India–Canada Ministerial Energy Dialogue, aimed at expanding collaboration in oil and gas, clean energy and long-term investments.
Hodgson’s presence at IEW 2026 was significant, marking the first time a Canadian minister attended the event.
Both sides underlined the importance of energy security and diversified supply chains for economic growth and stability in the two countries.
The discussions followed directions given by the Prime Ministers of India and Canada during their interaction on the margins of the G7 Summit in June 2025 in Kananaskis, Canada, where they had agreed to resume senior- and working-level engagements.
India and Canada noted that their energy sectors are complementary. Canada is seeking to expand its role as a major exporter of both conventional and clean energy, while India’s growing demand is positioning it as a key global energy market.
Canada highlighted its expanding capacity in liquefied natural gas (LNG), crude oil and liquefied petroleum gas (LPG), particularly for Asian markets.
India pointed out that it is the world’s third-largest oil consumer, fourth-largest LNG importer and third-largest LPG consumer, and has among the largest refining capacities globally. The country is expected to account for over one-third of global energy demand growth in the coming decades.
The two sides agreed to deepen bilateral energy trade, including Canadian supplies of LNG, LPG and crude oil to India, and exports of refined petroleum products from India to Canada.
They also discussed encouraging greater commercial partnerships and investments across the energy value chain.
Canada said it is fast-tracking major energy and resource projects, supported by investments of over $116 billion announced in 2025, while India highlighted investment opportunities worth about $500 billion in its energy sector.
