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India's Urges Australia to Work Out Favourable Differential Pricing for Metallurgical Coal

Coal News - Published on Mon, 02 Sep 2019

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ET reported that India has urged Australia to work out a favourable differential pricing mechanism for metallurgical coal. Oil and Steel minister Mr Dharmendra Pradhan held a meeting with Australian minister for resources and northern Australia Senator Matt Canavan. Mr Pradhan has called for greater cooperation in the area of coking coal. He further added that India being the largest importer of Australian metallurgical coal, a favourable differential pricing mechanism should be worked out. He called for greater investment flow from Australia and sharing of best practices in the fields of LNG, coal and uranium.

However, both countries agreed to expand the scope of cooperation as India offers a large energy market and Australia is rich in natural resources.

Mr Pradhan said that given India’s major initiatives to move into a gas-based economy, there is significant scope for expanding LNG imports from Australia. He also mentioned that Indian consumer is price sensitive, and therefore affordability of LNG imports from Australia will be an important factor in enhancing cooperation in this area.

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Posted By : Rabi Wangkhem on Mon, 02 Sep 2019
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