Japan, India to cooperate on LNG

Japanese Prime Minister Shinzo Abe and his Indian counterpart Narendra Modi agreed to extend the cooperation between the two countries on a wide range of areas including LNG.

With the goal of recognising the critical dependence of the economies on imported energy sources and the vulnerability to supply shocks, the two Prime Ministers affirmed their intention to further strengthen energy cooperation through the India-Japan energy dialogue by signing the Tokyo Declaration for global partnership.

According to the declaration, ministers share the intention to explore a higher level of strategic collaboration in the global oil and natural gas market through joint procurement of LNG and joint efforts to promote flexible LNG markets.

LNG World News Staff, September 1, 2014; Image: japan.kantei.go.jp