India is significantly expanding its global energy partnerships and supply diversification efforts, with a series of bilateral engagements and commercial agreements announced by Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri at India Energy Week in Goa on Tuesday.
Addressing the media, he outlined high-level engagements with key energy-producing nations, particularly the UAE and Canada, alongside multiple agreements spanning crude oil supply, LNG, shipping, bioenergy and infrastructure.
The minister highlighted a late-night bilateral meeting with UAE Minister Sultan Al Jaber, also the Global CEO of ADNOC, building on momentum generated during the recent visit of the UAE President to India.
“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,” Puri added.
He announced the launch of a formal India–Canada Ministerial Energy Dialogue following talks with Canadian Minister Tim Hodgson. The dialogue will focus on hydrocarbons, LNG, critical minerals, and emerging technologies such as small modular reactors.
“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,” Puri said.
On the commercial front, several key agreements were signed: Two shipbuilding contracts involving Samsung Heavy Industries of South Korea, with vessels scheduled for delivery in 2028 and 2029. BPCL–Petrobras renewal of a crude oil term contract for 12 million barrels valued at about $780 million for FY 2026–27. IOCL MoUs with ONGC, Oil India and Petronet for setting up 13 compressed biogas plants, and GAIL and JM Baxi Marine Services entering a term sheet for equity participation in a shipping venture.
The Minister said that these agreements strengthen India’s energy security through diversification of supply sources, logistics capacity and cleaner fuel infrastructure.
He added that Canada’s growing LNG infrastructure, particularly in British Columbia, could create opportunities for Indian companies already invested there to repatriate gas supplies to India in the future.
“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,” the minister said.
