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India is interested in joint gas projects in the Arctic with Russia

12.08.2019 16:07

New Delhi is interested in joint gas projects with Moscow and is ready to conduct exploration work in the Russian part of the Arctic. This was stated by the Minister of Trade and Industry of India Piyush Goyal, who arrived in the Far East as part of the upcoming V Eastern Economic Forum as the head of the Indian delegation.

The Minister noted the positive dynamics of bilateral cooperation, emphasizing that Russia is “a trusted partner in the energy sector” for India. He also added that countries are already considering the participation of Indian companies in joint Arctic projects with the Russian Federation. This, in particular, is about projects in the field of one-off reconnaissance in the regina and the supply of “blue fuel” to India.

Pakistan’s interest in the joint development of gas fields in the Arctic is dictated by the fact that the country's domestic oil production (although it has sufficient energy reserves) does not meet the needs of a rapidly growing economy. In particular, in the first quarter of this year, oil production topics were reduced by 6.8%, amounting to 8.2 million tons.