Canada, India Pledge to Expand Oil and Gas Trade in Energy Reset

What happened:
India and Canada have agreed to deepen cooperation in the energy sector, pledging to expand bilateral trade in oil, gas and refined petroleum products as both countries work to reset ties after a period of diplomatic strain.

Why it matters now:
The move signals a strategic effort by New Delhi and Ottawa to diversify energy partnerships amid shifting global energy markets and geopolitical uncertainty. Stronger energy ties could help India secure stable supplies while opening new export avenues for Canada.

What was agreed:
According to a joint statement, Canada will step up shipments of crude oil, liquefied natural gas (LNG) and liquefied petroleum gas (LPG) to India. In return, India will increase exports of refined petroleum products to Canada.

Who was involved:
The understanding followed a meeting between Canadian Energy Minister Tim Hodgson and India’s Minister for Petroleum and Natural Gas Hardeep Singh Puri.

The bigger picture:
The agreement marks a practical step in rebuilding momentum in India–Canada relations, with energy trade emerging as a key pillar of renewed engagement between the two countries.