India’s Minister of Petroleum & Natural Gas Shri Dharmendra Pradhan is currently in Japan to enhance the bilateral engagements in the Oil and Gas sectors within the overall framework of India-Japan Energy Dialogue.
The aim of this visit, amongst others, is to enhance cooperation in establishing an efficient and balanced LNG market.
Further, a Memorandum of Cooperation (MoC) is scheduled for signing on “establishing a Liquid, Flexible and Global LNG Market” between India and Japan. The MoC will provide a framework for bilateral cooperate in facilitating flexibility in LNG contracts, abolition of Destination Restriction Clause and also explore possibilities of cooperation in establishing reliable LNG spot price indices reflecting LNG demand and supply.
Shri Pradhan will also be meeting with representatives of Japanese Companies, including Osaka Gas, Mitsui OSK Lines (MOL), Japex, and JERA for exploring areas of further engagement with the Indian companies.
The visit of Shri Pradhan is a follow up of the visit of Prime Minister of Japan Shinzo Abe to India in September, 2017. The Indian Minister will be in Japan until the 18th of October.
