Petroleum and Natural Gas Minister Dharmendra Pradhan will be on a three day visit to Japan from tomorrow to participate in the 6th annual LNG Producers Consumer Conference. <br/><br/>The visit is important to enhance the bilateral engagements in the Oil and Gas sectors within the overall framework of India-Japan Energy Dialogue. <br/><br/>An official release said, the visit also aims to enhance cooperation in establishing a transparent, efficient, truly global and balanced Liquefied natural gas (LNG) market. Energy Ministers from Qatar, Nigeria, Bangladesh, Japan and other leading hydrocarbon experts will participate in the Conference. <br/><br/>During the visit, Mr Pradhan will discuss the issues of bilateral engagement in the hydrocarbon sector with his Japanese Counterpart Mr Hiroshige Seko. <br/><br/>A Memorandum of Cooperation (MoC) is likely to be signed for establishing a Liquid, Flexible and Global LNG Market between India and Japan. <br/><br/>The MoC will provide a framework for bilateral cooperation in facilitating flexibility in LNG contracts and exploring possibilities in establishing reliable LNG spot price indices reflecting true LNG demand and supply.