India is looking to raise import of liquefied natural gas (LNG) from Australia but wants the fuel at an affordable price to meet the energy needs of the world’s fastest-growing economy.
Oil Minister Dharmendra Pradhan on Wednesday met with Australian Minister for Resources Matthew Canavan to discuss bilateral energy cooperation, an official press statement said here.
“Both ministers stressed on the importance of energy and resources in the bilateral relationship and agreed to expand the scope of cooperation given that India offers a large energy market and Australia is rich in natural resources particularly coal and LNG, apart from uranium,” it said.
India already imports 1.44 million tonnes per annum of LNG from Australia on a long-term contract.
