An Indian delegation led by Union Minister of Petroleum and Natural Gas, Dharmendra Pradhan visited Tokyo, Japan from 17th – 18th October, 2017 to participate in LNG Producer- Consumer Conference 2017.
Highlights of Dharmendra Pradhan’s Japan Visit
Besides attending LNG Producer- Consumer Conference 2017, Pradhan also met Hiroshige Seko, the Minister of Economy, Trade, and Industry of Japan. Both the ministers discussed issues of bilateral engagement in the hydrocarbon sector.
- Mr Pradhan and Mr. Seko also signed a Memorandum of Cooperation (MoC) on establishing a Liquid, Flexible and Global LNG Market between India and Japan.
- During his visit, Mr. Pradhan also met representatives of major Japanese Companies, including Osaka Gas, Mitsui OSK Lines (MOL) and Japex to explore the scope of collaboration with the Indian companies.
Union Minister Dharmendra Pradhan participated in LNG Producer-Consumer Conference 2017 held in Tokyo, Japan
LNG Producer-Consumer Conference 2017 was organized by the Ministry of Economy, Trade and Industry of Japan (METI) and the Asia Pacific Energy Research Centre (APERC), in Tokyo, Japan.
- This conference is a global dialogue, held every year to promote active dialogue among LNG producers, consumers and other stakeholders. The dialogue focuses on deepening shared understandings of market trends and discussing measures to develop a global LNG market.
- Pradhan delivered a key note address on ‘Developing LNG Market in Asia: Government Perspectives’.
- Energy Ministers from several countries including Qatar, Nigeria, Bangladesh, Mozambique, Japan and other leading hydrocarbon experts also participated in this Conference.
India, Mozambique agree to develop Rovuma gas field
On the sidelines of LNG Producer–Consumer Conference 2017, Union Minister of Petroleum and Natural Gas, Dharmendra Pradhan met Energy Minister of Mozambique, Leticia Klemens to discuss the development of the gas fields in Mozambique.
- Indian companies have invested about US$6.5 billion in development of gas projects in Area -1, spanning across 10,000 square kms, located in northernmost part of offshore Mozambique Rovuma Basin.
- ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), holds 16 per cent stake in Area–1, whereas Oil India Ltd has 4 per cent stake and a unit of Bharat Petroleum Corp Ltd (BPCL) holds 10 per cent stake.
Quick Facts about Mozambique:
- Capital – Maputo
- Currency – Mozambican metical
- Current President – Filipe Nyusi