ARKANSAS, Oct 9 (Future Headlines)- Japan’s Economy, Trade and Industry Minister, Yasutoshi Nishimura, and his Australian counterpart, Don Farrell, held the fifth Japan-Australia Ministerial Economic Dialogue in Melbourne. They were joined by Climate Change and Energy Minister Chris Bowen and Resources Minister Madeleine King.
Both countries agreed to ensure a stable supply of resources, including liquefied natural gas (LNG), and create a reliable investment environment in Australia’s resources and energy sector. The cooperation in the sector will be expanded to include resources such as hydrogen and ammonia, emphasizing the importance of cleaner and sustainable energy sources.
Japan is a significant importer of LNG and other energy resources, and Australia is one of its key suppliers. Ensuring a stable supply of these resources is crucial for Japan’s energy security. Expanding cooperation to include hydrogen and ammonia aligns with global efforts to transition to cleaner energy sources and reduce greenhouse gas emissions.
Yasutoshi Nishimura: “We agreed to ensure a stable supply of resources such as LNG and a reliable investment environment. We will further expand cooperation in the sector to cover such resources as hydrogen and ammonia.”
Don Farrell: “Australia is a vital source of the energy and raw materials that help to power Japan’s economy. The outcomes of today’s discussions demonstrate the strength and depth of our bilateral relationship, and our shared commitment to further expand and diversify our trade and investment links.”
The Japan-Australia Ministerial Economic Dialogue is a forum for high-level discussions on economic and trade matters between the two countries. It provides an opportunity for both nations to strengthen economic cooperation, address challenges, and explore opportunities for collaboration in various sectors, including energy and resources.
Japan and Australia’s commitment to expanding their cooperation in the resources and energy sector, with a focus on hydrogen and ammonia, reflects their shared goals in addressing climate change and achieving a sustainable energy future.
Editing by Sarah White