LNG

Oct 12 (LNGJ) - The Indian government of Prime Minister Narendra Modi approved the signing of a Memorandum of Cooperation between India and Japan on establishing a liquid, flexible and global LNG market. “The MoC will promote bilateral relationship between India and Japan in the energy sector. It will contribute to the diversification of gas supplies for India. This will strengthen our energy security and lead to more competitive prices for consumers,” an Indian statement said. Japan is the world's largest LNG importer, receiving more than 83 million tonnes in 2016, while India is the fourth-largest buyer with just over 18MT of imports last year.