• 3 minutes China has *Already* Lost the Trade War. Meantime, the U.S. Might Sanction China’s Largest Oil Company
  • 7 minutes Saudi and UAE pressure to get US support for Oil quotas is reportedly on..
  • 11 minutes China devalues currency to lower prices to address new tariffs. But doesn't help. Here is why. . . .
  • 15 minutes What is your current outlook as a day trader for WTI
  • 9 hours Long Range Attack On Saudi Oil Field Ends War On Yemen
  • 2 hours Maybe 8 to 10 "good" years left in oil industry * UAE model for Economic Deversification * Others spent oil billions on funding terrorism, wars, suppressing dissidents * Too late now
  • 6 hours Will Uncle Sam Step Up and Cut Production
  • 13 hours In The Bright Of New Administration Rules: Immigrants as Economic Contributors
  • 31 mins Domino Effect: Rashida Tlaib Rejects Israel's Offer For 'Humanitarian' Visit To West Bank
  • 30 mins 'No - Deal Brexit' vs 'Operation Fear' Globalist Pushback ... Impact to World Economies and Oil
  • 21 hours Gretta Thunbergs zero carbon voyage carbon foot print of carbon fibre manufacture
  • 41 mins CLIMATE PANIC! ELEVENTY!!! "250,000 people die a year due to the climate crisis"
  • 1 day NATGAS, LNG, Technology, benefits etc , cleaner global energy fuel
  • 22 hours Continental Resource's Hamm wants shale to cut production. . . He can't compete with peers.
  • 53 mins Trump vs. Xi Trade Battle, Running Commentary from Conservative Tree House
  • 1 day Significant: Boeing Delays Delivery Of Ultra-Long-Range Version Of 777X
  • 1 day Why Oil is Falling (including conspiracy theories and other fun stuff)

Australian PM Finalizes Nuclear Deal With India

“I do want Australia to be an energy superpower in the years ahead. We have large reserves of uranium. We have massive reserves of coal. We have extensive reserves of gas. We are the world’s second largest thermal coal exporter. India has an absolutely impeccable non-proliferation record……..it (India) has been a model international citizen. India threatens no one.”

These quotes by Australian Prime Minister Tony Abbott while speaking to journalists during his recently-concluded India visit clearly showed where his Liberal-National coalition government was headed in the coming years, but this story is as much about India as Australia.

Over the weekend, Indian Prime Minister Narendra Modi and Abbott concluded a long-pending civil nuclear deal, which involves the supply of uranium from Canberra to India. The Indian press hailed it as the “most significant step” taken by India in the wake of the 2006 India-US civil nuclear deal, but over in Australia, the Greens and a section of the media criticized Mr Abbott’s move, saying India had refused to sign the Nuclear Non-Proliferation Treaty or the Comprehensive Test Ban Treaty, and so the supply of uranium to such a country could have “dangerous” implications for the future.

Without doubt, the Aussie PM was on the back foot, not unlike his famous cricket team which is seen often playing aggressively while on a tour of India. He took pains to explain that “we signed a nuclear cooperation agreement because Australia trusts India to do the right thing in this area, as it has been doing in other areas.”

The supply talks started years ago but several previous Labour Australian governments, before Mr Abbott’s Government came in, were not so keen on it. For India, the uranium thaw is wonderful news, more so, because it had previously signed similar agreements with France and Russia, to help tackle its looming energy crisis. Australia, incidentally, has a third of the world’s uranium reserves.

All uranium is welcome in India, which currently has 20 small nuclear reactors within six plants but operates only a few. The government’s stated goal is to raise its nuclear energy capacity to 63,000 MW by 2032.

by Sohrab Darabshaw

(Source:  www.agmetalminer.com)



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play