India, Australia to Form Group on Supply of Cheap LNG
India and Australia on Monday decided to form a sub-group that will look into ways that would help in providing cheap LNG for power plants in the south Asian nation, reported Press Trust of India.
The sub-group will comprise of senior officials from the government and industry from both sides.
"After my discussions with the industry on LNG, some representatives told me that Indian government will have to take concrete steps to help encourage trade relations. So, I have now formed a sub-group, which will be under the Working Group on the India-Australia energy dialogue," India's Power and Coal Minister Piyush Goyal told reporters on the sidelines of the 3rd India-Australia Energy Dialogue in Brisbane, Australia.
In about two and half months this sub-group will submit a detailed report on what needs to be done and what are the requirements that need to be taken care of so that power plants in can get cheap LNG from Australia, Press Trust quoted Goyal as saying.
"From their side, Austrade, the Australian government's trade commission, senior Energy Ministry official, official from the High Commission in India looking after energy and representatives from the private sector will be part of the sub-group," Goyal said.
The 3rd India – Australia Energy Security Dialogue is being held from 8th to 11th February 2016.