Australia to export uranium to India for peaceful purposes under IAEA safeguards

It outlines commitments to enhance bilateral energy trade, investment, and supply chain resilience.

Who it concerns: India and Australia; private sector partners; energy sector industries (LNG, liquid fuels, uranium, coal, renewables); Pacific Island Countries; International Atomic Energy Agency (IAEA).

What was agreed

• Finalized administrative arrangements to enable the export of Australian uranium to India for exclusively peaceful purposes under IAEA safeguards.
• Commitment to support the continued flow of energy products, specifically Australian LNG to India and Indian liquid fuels/downstream products to Australia.
• Advancement of bilateral energy trade and investment cooperation through the Economic Cooperation and Trade Agreement (ECTA) and work toward a Comprehensive Economic Cooperation Agreement (CECA).
• Reaffirmed commitment to maintaining stable supply of coal, diesel, other liquid fuels, and natural gas.
• Commitment to accelerating energy transition and strengthening cooperation on low carbon fuels, including recognition of India’s Global Biofuels Alliance (GBA).

Also in the document

• Finalization of administrative arrangements for Australian uranium exports to India for peaceful purposes.
• Specific mention of Australia as a key LNG supplier to India and India as a key supplier of liquid fuels to Australia.
• Acknowledgment of energy resource security vulnerabilities for Pacific Island Countries.