India and Australia have reaffirmed their commitment to strengthening bilateral energy security and ensuring resilient energy supply chains amid rising geopolitical tensions in the Middle East and ongoing disruptions to global energy markets.
In a joint statement, the two countries expressed concern over the impact of the Middle East crisis on energy, resource and commodity supply chains, while reiterating their support for open markets, rules-based trade and reliable energy flows.
Both nations committed to enhancing energy trade and investment through existing bilateral frameworks, including the Economic Cooperation and Trade Agreement (ECTA) and the proposed Comprehensive Economic Cooperation Agreement (CECA). They also emphasized the importance of private sector partnerships, capacity building and knowledge sharing in the energy sector.
The statement highlighted Australia's role as a key supplier of liquefied natural gas (LNG) to India and India's position as a major supplier of liquid fuels and downstream petroleum products to Australia. Both countries also confirmed that the administrative arrangements required for the export of Australian uranium to India for peaceful purposes under the 2015 Australia-India Nuclear Cooperation Agreement have been completed.
India and Australia further pledged to strengthen regional energy supply chain resilience, promote renewable energy adoption, accelerate the clean energy transition, support low-carbon fuels and encourage investment across the energy value chain. The two countries also called on regional partners to work together to keep global energy supply chains open and secure in support of economic stability and regional prosperity.