Canada could boost exports of oil, natural gas and uranium to China under an agreement the two countries signed Thursday during Prime Minister Mark Carney’s visit to Beijing.

The memorandum of understanding on “strengthening energy co-operation” comes amid rising petroleum exports to Canada from China. Chinese companies have taken delivery of liquefied natural gas from Canada’s first LNG export facility in 2025 and have ramped up purchases of Canadian oil over the last year.

Canadian flags flew over Tiananmen Square on Thursday as Mr. Carney was received by Chinese Premier Li Qiang at Beijing’s Great Hall of the People.

The pact, signed by Energy and Natural Resources Minister Tim Hodgson for Canada, said both countries “recognize that conventional energy continues to play an important role in the energy transition” and agree to “strengthen exchanges in areas such as oil and gas resources development, including crude oil, liquefied natural gas and liquefied petroleum gas trade.”