UN General Assembly
1977

47. Furthermore, we believe that, in order to overcome the obstacles facing the world community during the transition period in energy, co-operation among nations in this area must be intensified. Bilateral co-operation will be necessary but, in my view, insufficient; With the conclusion of the Conference on International Economic Co-operation, no forum currently exists for continuing an international dialogue on energy. The Australian Government earnestly hopes that the failure to reach agreement on a continuation of the energy dialogue at the Conference will prove only temporary. We should spare no effort over the coming months to seek means of establishing international consultations on energy. As a potentially major net exporter of energy, Australia is ready to play its full part in any such future dialogue.