Cabinet gave its nod to signing a host of MoUs including one Memorandum of Cooperation (MoC) with Japan for liquefied natural gas that would enable establishing a liquid, flexible and global LNG market.

Speaking to reporters after the Cabinet meeting, Dharmendra Pradhan, Minister for Petroleum, Natural Gas and Skill Development, said, “The MoC provides a framework to cooperate in facilitating flexibility in LNG contracts, abolition of destination clause and in exploring possibilities of cooperation in establishing reliable spot price indices reflecting true LNG demand and supply.”

http://www.thehindubusinessline.com/news/world/india-to-sign-pact-with-japan-for-setting-up-flexible-lng-market/article9901389.ece

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