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Our Bureau

New Delhi , Dec. 12

The Petroleum Minister, Mr Murli Deora, is going to attend a meeting of the five energy-consuming nations - India, China, US, Korea and Japan - being hosted by China. The countries would deliberate upon the issues of energy security and strategic storage, alternate energy sources, investments, international cooperation and energy efficiency.

Mr Deora is likely to discuss the issue of volatility in international crude prices as well as challenges faced in promoting international cooperation at the meeting being held later this week. Official sources told Business Line, the five oil-importing countries are likely to issue a statement after the deliberations. The countries are likely to work out a better coordination between the global consumer nations to help rein oil prices.

While the US is expected to talk on energy security and oil stocks, Korea will make presentations on diversification of energy mix and alternate sources of energy. Japan is likely to address the issue of investments in energy market. India will be discussing the issue of major challenges faced in the sector and promotion of international cooperation.

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