India Strengthens Energy Ties With UAE, Canada at IEW

• India unveiled new global energy partnerships with the UAE and Canada
• A formal India-Canada Energy Dialogue was launched, covering hydrocarbons, LNG and emerging technologies
• Major deals were signed across shipbuilding, crude oil supply, biogas and shipping

India is accelerating efforts to deepen its global energy partnerships through diplomatic interactions and commercial agreements which Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri presented at India Energy Week in Goa recently.

The minister explained to reporters that he conducted high-level talks with major energy-producing nations which included the United Arab Emirates and Canada and multiple energy deals which included crude oil and liquefied natural gas (LNG) and shipping and bioenergy and infrastructure development.

Puri established that he held a midnight bilateral conference with UAE Minister Sultan Al Jaber who holds the Global CEO position at ADNOC. The discussions built on the momentum created during the recent visit of the UAE President to India and reaffirmed the strategic energy partnership between the two countries.

Puri stated, “As a result of successive agreements, India is now buying about 4.5 million metric tonnes per annum of natural gas from the UAE, which is a very big volume”.

The official India-Canada Ministerial Energy Dialogue will begin after Ministerial talks conclude between him and Canadian Minister Tim Hodgson. The platform will establish cooperation between hydrocarbons and LNG and critical minerals and small modular nuclear reactors and emerging technologies.

Puri added, “This is my third interaction with Canadian ministers in recent weeks, and all of them have expressed strong interest in enhancing energy cooperation with India”.

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The company established multiple important business agreements through its commercial operations. The organization signed two shipbuilding contracts with South Korea's Samsung Heavy Industries which will deliver two ships in 2028 and 2029.

The company renewed its crude oil term contract with Brazil's Petrobras to supply 12 million barrels of oil which BPCL valued at approximately $780 million for the fiscal year 2026-27.

The Indian Oil Corporation established MoUs with ONGC, Oil India and Petronet to build 13 compressed biogas plants while GAIL and JM Baxi Marine Services established a term sheet to share equity in their shipping business.

The minister explained that the proposed initiatives would improve India's energy security through multiple supply sources and better logistics systems and cleaner fuel infrastructure development.

He explained that Canadian LNG capacity expansion in British Columbia will enable Indian businesses to export gas supplies back to India from their investments in that region.

“This platform has become one of the largest of its kind globally, and it allows exactly these kinds of conversations and partnerships to take shape”, he concluded.