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Petroleum & Natural Gas minister visits Japan to promote bilateral interests in Oil and Gas sector

As a follow up of the visit of the Japanese Prime Minister Shinzo
Abe to India in September 2017, Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship Shri Dharmendra Pradhan is visiting Japan for two days from October 16 and he also participates in the 6th Annual LNG Producers Consumer Conference.

 The visit aims at increased cooperation between the two countries in establishing a transparent, efficient and truly global and balanced LNG market.

  The LNG Producer-Consumer Conference, a global annual dialogue among the LNG producers, aims at deepening the understandings of the market trends through effective sharing and finally to develop a global LNG market. 

.The conference provides, an official statement says, the right opportunity to brief on the Indian Gas sector and the recent policy reforms with the opportunities available for investment to the Ministers and leaders of global gas industry. Sh. Pradhan will be delivering a key note speech at the Ministerial Session on “Developing LNG Market in Asia – Government Perspectives”. Energy Ministers from Qatar, Nigeria, Bangladesh, Japan and other leading hydrocarbon experts are scheduled to participate in the Conference. 

During his visit, Shri Pradhan will meet with his Japanese Counterpart Minister of Economy, Trade, and Industry, Japan Mr Hiroshige Seko to discuss issues of bilateral engagement in the hydrocarbon sector. 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 true 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. 

In order to discuss the possibilities of cooperation in the skill sector, Sh. Pradhan is scheduled to have a meeting with Minister of Health, Labour and Welfare of Japan Mr. Katsunobu Kato. A Memorandum of Cooperation (MoC) is expected to be signed on the “Technical Intern Training Program (TITP)” which will pave the way for bilateral cooperation between the two countries in the area of skill development. Shri Pradhan is also scheduled to visit Kanto Polytechnic College, Oyama during the visit.

 


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