We give the defining structure of two-parameter quantum group of type G_2
defined over a field {\Bbb Q}(r,s) (with r\ne s), and prove the Drinfel’d
double structure as its upper and lower triangular parts, extending an earlier
result of [BW1] in type A and a recent result of [BGH1] in types B, C, D. We
further discuss the Lusztig’s Q-isomorphisms from U_{r,s}(G_2) to its
associated object U_{s^{-1},r^{-1}}(G_2), which give rise to the usual
Lusztig’s symmetries defined not only on U_q(G_2) but also on the centralized
quantum group U_q^c(G_2) only when r=s^{-1}=q. (This also reflects the
distinguishing difference between our newly defined two-parameter object and
the standard Drinfel’d-Jimbo quantum groups). Some interesting (r,s)-identities
holding in U_{r,s}(G_2) are derived from this discussion.