·
Shared
Strategic Vision: India
and Australia reaffirmed their Comprehensive
Strategic Partnership and their shared commitment to a free, open and prosperous Indo-Pacific.
·
Concern
over Middle East Situation:
Both countries expressed deep concern over the conflict in the Middle East and
its impact on:
o Global and regional energy security.
o Supply chains for energy, resources and
key commodities.
o Rising energy and commodity prices.
·
Support
for Rules-Based Trade: India
and Australia reaffirmed their commitment to:
o Open markets.
o Rules-based international trade.
o Stable global supply chains as foundations
of economic security.
·
Strengthening
Energy Cooperation: The
two countries agreed to deepen bilateral energy trade and investment through:
o The India–Australia
Economic Cooperation and Trade Agreement (ECTA).
o Ongoing negotiations for the Comprehensive Economic Cooperation
Agreement (CECA).
o Other bilateral cooperation mechanisms.
·
Private
Sector and Investment: Both
sides recognised the vital role of:
o Trusted private sector partnerships.
o Strategic investments.
o Capacity-building and knowledge sharing in
the energy sector.
·
Expanding
Bilateral Energy Trade:
o Australia reaffirmed its role as a major
supplier of liquefied
natural gas (LNG) to India.
o India highlighted its role as a
significant supplier of liquid
fuels and downstream petroleum products to Australia.
o Both countries committed to ensuring
uninterrupted energy trade and encouraging investment across the energy value
chain.
·
Australian
Uranium Exports:
Australia and India have completed the administrative
arrangements necessary to enable the export of Australian uranium to
India:
o Exclusively for peaceful purposes.
o Under International Atomic Energy Agency (IAEA)
safeguards.
o In accordance with the Australia–India Nuclear Cooperation
Agreement (2015).
·
Energy
Supply Chain Resilience: The
two countries agreed to:
o Strengthen resilient regional energy
supply chains.
o Deepen regional cooperation.
o Support reliable energy flows.
o Promote open trade in energy products and
liquid fuels.
·
Energy
Transition: Both
countries committed to:
o Accelerating the transition to cleaner
energy.
o Expanding renewable energy deployment.
o Increasing electrification of energy
systems to enhance long-term energy security.
·
Support
for Pacific Island Countries:
India and Australia recognised the particular energy security challenges faced
by Pacific Island
Countries and the importance of reliable energy supplies for
their resilience and economic development.
·
Reliable
Energy Supplies: The
two countries reaffirmed their commitment to maintaining stable supplies of:
o Coal.
o Diesel.
o Other liquid fuels.
o Natural gas.
·
Low-Carbon
Cooperation: Both
countries agreed to strengthen cooperation on:
o Low-carbon fuels.
o Energy transition initiatives.
o Australia acknowledged India's Global Biofuels Alliance (GBA)
initiative.
·
Regional
Call to Action: India
and Australia urged regional partners to work together to keep global energy supply chains open,
supporting regional security, economic resilience and shared prosperity.
Australia
and India are Comprehensive Strategic Partners with a common vision for a free,
open and prosperous Indo-Pacific region.
Australia
and India share deep concern over the situation in the Middle East and its consequences
for our region, including the prolonged impact of disruptions on energy, resources
and other important commodities’ supply chains and prices. Amid this disruption,
we reaffirm our shared commitment to open markets and rules-based trade, principles
that underpin our prosperity and economic security.
Australia
and India recognise the central role of trusted private sector partnerships and
strategic investments to sustainable and reliable energy flows. In parallel, and
in support of enhanced private sector engagement, both countries are committed to
advancing bilateral energy trade and investment cooperation through the Economic
Cooperation and Trade Agreement (ECTA), the ongoing work toward a Comprehensive
Economic Cooperation Agreement (CECA), and other relevant bilateral frameworks.
Australia and India also reiterate the importance of capacity-building and knowledge
exchange in the energy sector.
Recognising
Australia’s role as an important supplier of liquefied natural gas to India and
India's role as an important supplier of liquid fuels and other downstream products
to Australia, Australia and India commit to support the continued flow of energy
products and further enhance the energy trade between our two countries. Australia
and India also reiterate the importance of encouraging investment opportunities
across the energy value chain.
Australia
and India have finalised the administrative arrangements necessary to enable the
export of Australian uranium to India for exclusively peaceful purposes and under
International Atomic Energy Agency (IAEA) safeguards, as provided for under the
Australia-India Nuclear Cooperation Agreement (2015).
Australia
and India are committed to working together to strengthen energy supply chain resilience,
including through deepening regional cooperation, accelerating the energy transition,
promoting the uptake of renewable energy resources and upholding open trade arrangements
for energy and liquid fuels. Both countries recognise that increasing electrification
of respective energy systems will be a valuable source of energy security into the
future.
Australia
and India recognise our shared commitment to resilient trade and markets in energy
extends to the region. Both countries acknowledge the specific energy resource security
vulnerabilities for Pacific Island Countries and the importance of energy resource
supply to their resilience and economic prosperity.
Against
this backdrop, Australia and India reaffirm our commitment to working together to
strengthen energy security, including maintaining a stable, secure and reliable
supply of energy products, such as coal, diesel, other liquid fuels and natural
gas. Furthermore, both countries reaffirmed their commitment to accelerating energy
transition and strengthening cooperation on low carbon fuels. In this context, Australia
noted India’s initiative of Global Biofuels Alliance (GBA).
Australia
and India call on regional partners to join in ensuring global energy resource supply
chains are kept open for the benefit of the security and prosperity of our peoples.