Oil Minister Dharmendra Pradhan will again make a case for rational pricing of energy when he speaks at the 7th Asian Ministerial Energy Roundtable in Bangkok.
India is the current chair of International Energy Forum, which is promoting the roundtable that brings together energy ministers and experts from Asian countries on November 1-2. Pradhan will participate in the ministerial roundtable and speak on 'Natural Gas: Overcoming Market and Policy Hurdles to the Golden Age of Gas', an official statement said. Energy Ministers from Saudi Arabia, Russia, UAE, Thailand, Iraq, Qatar, Kuwait, Bangladesh, Malaysia and Brunei are also participating in the roundtable.
At the 6th Annual lNG Producers Consumer Conference in Tokyo earlier this month, he had "called for establishing a liquid, flexible and global lNG market, abolition of Destination Restriction Clause and also explore possibilities of cooperation in establishing reliable lNG spot price indices reflecting true lNG demand and supply”, the statement said. Pradhan, during his meetings and interactions with OPEC Secretary General has called for replacing the 'Asian Premium' on oil with 'Asian Discount', it said.