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Economy News, Latest Economic News Today | The HinduBusinessLine

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Quad announces initiative on Indo-Pacific energy security...
By BL New Delhi Bureau · 2026-05-26 · via Economy News, Latest Economic News Today | The HinduBusinessLine
External Affairs Minister S Jaishankar with US Secretary of State Marco Rubio, Australian Foreign Minister Senator Penny Wong and Japan Foreign Minister Toshimitsu Motegi during the QUAD Foreign Ministers’ Meeting, in New Delhi on Tuesday.

External Affairs Minister S Jaishankar with US Secretary of State Marco Rubio, Australian Foreign Minister Senator Penny Wong and Japan Foreign Minister Toshimitsu Motegi during the QUAD Foreign Ministers’ Meeting, in New Delhi on Tuesday. | Photo Credit: ANI

Foreign Ministers of India, the US, Australia and Japan, announced the ‘Quad initiative on Indo-Pacific energy security’ on Tuesday to strengthen supply resilience, including emergency responses, amid the West Asia crisis disrupting movement of shipments.

“Disruptions to global markets for energy products and important downstream derivatives such as fertilisers, fall heavily on the Indo-Pacific region. Recognising shifts in the global energy landscape, we are launching the ‘Quad initiative on Indo-Pacific energy security’ to cooperate on energy security and resilience. Quad partners will work together to ensure open, well-functioning and stable energy markets, and resilient and diversified supply chains,” according to the Quad Foreign Ministers’ joint statement issued on Tuesday.

External Affairs Minister S Jaishankar, Foreign Minister of Australia Penny Wong, Foreign Minister of Japan Toshimitsu Motegi and US Secretary of State Marco Rubio attended the meeting in New Delhi.

Each country will leverage unique resources and capabilities from their respective energy sectors, according to the MEA.

Focus areas

“Through this initiative, Quad partners will work to identify areas of cooperation in technology, management, policy, international market analysis, and emergency response exercises,” a fact sheet issued by the MEA highlighted.

Maintaining open trade flows in essential goods is critical for the security and prosperity of the Indo-Pacific region, the Ministers noted.

“As four leading democracies and maritime nations, we remain committed to a region where all countries can prosper free from coercion. We look forward to the convening of the Quad Leaders’ Summit, the next Quad Foreign Ministers’ Meeting, and continuing our engagements that advance peace, stability, and prosperity in the Indo-Pacific and beyond,” the statement added.

Published on May 26, 2026