Thank you very much Mr Philip Aiken, Mr Del Rosaria, Ian Macfarlane the Federal Minister for
Energy, Mr Frank Sartor, members of the diplomatic corps, ladies and gentlemen. May I welcome all of you who have come to Australia to the city of Sydney and to theCommonwealth of Australia. And might I start particularly in addressing our friends who have come from the Russian Federation to this gathering and I now express on behalf of all present our sense of horror and revulsion at the terrible terrorist event, which overtook the Russian people and the Russian nation over the past few days. It is a terrible reminder of the challenge of terrorism around the world and of the very uncertain environment in which the world operates. And it is a challenge to all decent nations to work together to overcome the challenge and the evil of(terrorism).
In welcoming all of you to Australia I join in particularly welcoming you to the city of Sydney. As a native of this city I never cease to (extol) its virtues. It is a lovely city, I hope you partake of its many benefits and (delights) and enjoy yourself in the time that you are with us.
You come to a nation of 20 million people, a nation strong economically and strongly engaged not only with our region but engaged around the world. The Australian economy is enjoying its best conditions since the end of World War II. We have an enviable growth rate for a developed country of four per cent, we have low levels of unemployment, low levels of (inflation) and we have a very low level of national debt. We are also a nation, which has been blessed by providence with very large reserves of energy. And I want to say something about the role that Australia has in mind and has (executed) over the years in relation to those reserves of energy. Australia is a strong and reliable supplier of energy. Australia is the world’s largest exporter of coal and it is a large exporter of LNG. We are very proud of the partnerships in energy that we have developed over the years with our friends and close partners in the Asian Pacific region. And I take this opportunity of paying tribute to a number of those partnerships, in particularly I acknowledge to the many (delegates) that have come from Japan the very long energy partnership between Australia and Japan. It’s meant a great deal to us and I know it has meant a great deal to the (utilities) and the people of Japan. It’s a (partnership) and a relationship that we value very dearly. Likewise our very close relationship and partnership with Korea is of equal value and importance to Australia. And in more recent years of course we have developed a very close energy partnership with China and we look forward to supplying the energy needs of China and of the other nations of our region years
into the future.
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