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Russia eyes Indian investments to the Russian oil and gas sector and expansion of Russian companies’ sales networks in India. Cooperation with India is on the cards as Putin intends to expand the development of projects which are underway.
The cooperation between the two countries is actively promoted, including the Arctic LNG 2 and Sakhalin 1 projects. Gazprom supplies LNG to India, and Rosneft continues its systematic work with its Indian partners, as the Russian Government says.
Russia’s oil and petroleum product exports to India have approached $1 billion, and Putin sees the opportunities to increase the exports in the country.
Alexander Novak, Russia´s Deputy Prime Minister, talked by telephone with Minister of Petroleum and Natural Gas and Minister of Housing and Urban Affairs of India Hardeep Singh Puri. The two parties discussed current and potential joint projects in the fuel and energy industry and noted that current projects continue to be steadily implemented.
“What we have is a particularly privileged strategic partnership; the leaders of our countries maintain regular contact. Mutually beneficial cooperation is actively promoted, including the Arctic LNG 2 and Sakhalin 1 projects. Gazprom supplies LNG to India, and Rosneft continues its systematic work with its Indian partners. We are interested in further attracting Indian investment to the Russian oil and gas sector and expanding Russian companies’ sales networks in India,” Alexander Novak said.
According to Mr Novak, major Russian companies are currently involved in projects in India, including the production, processing, and distribution of oil, natural gas, and coking coal.
“Russia’s oil and petroleum product exports to India have approached $1 billion, and there are clear opportunities to increase this figure. We expect to continue cooperating in the development of peaceful nuclear power, in particular, in building the nuclear power units at Kudankulam,” the Deputy Prime Minister added.
