Russia Proposes Increased Oil and Gas Supplies to India Amid Bilateral Talks
Russia offers to supply more oil and natural gas to India in bilateral talks
Hindustan Times
Image: Hindustan Times
During a meeting in New Delhi, Russian First Deputy Prime Minister Denis Manturov offered to enhance oil and natural gas supplies to India. The discussions with Prime Minister Narendra Modi and External Affairs Minister S. Jaishankar also covered cooperation in trade, fertilizers, and technology amidst ongoing regional conflicts impacting energy supplies.
- 01Russia aims to increase oil and natural gas supplies to India.
- 02Bilateral discussions included trade, fertilizers, and technology.
- 03India faces energy supply disruptions due to regional conflicts.
- 04Russia has increased fertilizer supplies to India by 40%.
- 05The visit follows India's decision to acquire additional S-400 air defense systems from Russia.
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In a significant meeting in New Delhi, Denis Manturov, Russia's First Deputy Prime Minister, offered to boost oil and natural gas supplies to India. This engagement comes as both nations seek to strengthen their partnership in various sectors, including energy and fertilizers. Prime Minister Narendra Modi highlighted the importance of their discussions on trade, connectivity, and cultural ties, emphasizing the outcomes of the India-Russia Summit held in December 2022. External Affairs Minister S. Jaishankar noted that the talks also delved into technology, innovation, and critical minerals. Amid disruptions in energy and fertilizer supplies due to the conflict in West Asia, Manturov confirmed that Russian companies are prepared to meet India's growing demands. Additionally, he stated that Russia has increased its mineral fertilizer supplies to India by 40% and is working on a joint carbamide production project. The discussions also touched on nuclear energy cooperation, with ongoing projects at the Kudankulam nuclear power plant on schedule. Manturov's visit follows India's recent decision to procure five more S-400 air defense systems from Russia, despite potential sanctions from the United States.
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The increased supply of oil and natural gas from Russia could stabilize India's energy market, which is currently facing disruptions due to regional conflicts.
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