Due to strong demand from India and China, G-20 ministers are meeting to discuss methods for ensuring energy and resource security. The meeting will be held in Melbourne from November 18th to 19th and would be attended by delegates from countries such as U.S, U.K, China, Japan and India.
This meeting will also bring together major oil producing countries along with countries which are experiencing increasing demand for energy.
Peter Costello, Australian Treasurer said:
If we can get an agreement on adequate supply, adequate security, proper international pricing, then I think we can actually ensure that what could otherwise become jostling and instability over resources over the next couple of decades will be taken out of the system
