New Delhi: Minister of Petroleum & Natural Gas and Steel Shri Dharmendra Pradhan, accompanied by an official and business delegation, will be visiting Russia and Japan from 22-26 October 2019.
As a follow up to the visit of Hon’ble Prime Minister to Vladivostok for the Eastern Economic Forum in September 2019, the Minister of Petroleum and Natural Gas & Steel will visit Vladivostok on 22-25 October 2019. During his visit, the Minister will have meetings with Mr. Sergey Tyrtsev, First Deputy Minister for Development of the Russian Far East and Arctic, and with Mr. Igor Sechin, CEO of Rosneft. He will also visit the shipbuilding Complex,Zvezda and the Sakhalin-1 oil and gas project in Russia’s Far East. Possible areas of collaboration in other sectors like coking coal, and shipping routes will also be discussed.
ONGC Videsh Ltd, a PSU under the Ministry of Petroleum & Natural Gas, had joined Sakhalin-1 consortium by acquiring 20% participating interest in July 2001. The project is one of the largest single foreign direct investments in Russia.
In addition, Engineers India Ltd. (EIL), another PSU under the Ministry of Petroleum & Natural Gas, will sign anMoU with the Russian National Chamber of Engineers. The MoU will strengthen the symbolic bilateral energy cooperation as the technical expertise of both organisations will help EIL in providing its services for upcoming projects across the hydrocarbons value chain in Russia
At the invitation of the Japanese Minister of Economy, Trade and Industry, ShriPradhan will visit Tokyo, Japan, from 25-26 October to participate in the Global Forum on Steel Excess Capacity (GFSEC) Ministerial meeting. Presently, Japan holds the Chair of this Global Forum. The proposed GFSEC meeting will involve policy discussions.Further, the Minister will have a meeting with his Japanese counterpart, Mr. Isshu Sugawara to discuss issues of bilateral collaboration in the fields of energy as well as steel. ShriPradhan will also have meetings with Japanese steel industries to discuss strengthening collaborative investments in India.In addition, meetings of the Minister with his counterpart Ministers from other countries are also scheduled, on the sidelines of the Ministerial meeting.
India and Japan have lot of synergies in the energy sector. In the run up to energy transition in India to a gas based economy, India is collaborating on a big scale with Japan in the LNG sector, to inter alia, exchange best practices and to develop a flexible global LNG Market