Russian Deputy PM Alexander Novak and Minister of Petroleum & Natural Gas Hardeep Singh Puri.
The 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
Russia’s oil & 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
While the USA has put sanctions on buying oil from Russia, EU has decided to continue with its oil and gas exports from Russia.
It may be recalled that Puri visited Vladivostok for the 2021 edition of the Eastern Economic Forum.
Energy is emerging as a major pillar of Indo-Russian ties after defence.
India's cumulative investment in oil & gas projects in Russia exceeds $ 15 billion.
It is the single largest destination of Indian overseas investment in the oil and gas sector.
In 2020 Indian Oil Corporation had signed a deal with Rosneft for the annual purchase of 2 million tonne of crude oil.
Gazprom has been shipping LNG to India under a 20-year contract.