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2018-10-08 11:00:00

INDIAN - RUSSIAN ENERGY COOPERATION

INDIAN - RUSSIAN ENERGY COOPERATION

PLATTSIndian Prime Minister Narendra Modi and Russian President Vladimir Putin said Friday that they want to increase bilateral energy cooperation.

The two leaders, who met during a state visit to India by Putin, said in a statement that companies should "consider a wide range of opportunities for cooperation, including long-term contracts, joint ventures and acquisitions of energy assets in both countries, as well as possible cooperation in third countries".

Talks on future cooperation include joint development of projects offshore in Russia's Arctic and Pechora seas and the Sea of Okhotsk, as well as further cooperation on LNG.

They will also continue to discuss the possibility of a technically and economically challenging gas pipeline from Russia to India.

Russia has in recent years looked to strengthen ties with Indian energy companies, aiming to secure market share in the growing Indian market, as well as attract Indian investment into its oil, gas and LNG projects.

Indian companies have signed up to participate in Rosneft's Vankor and Taas-Yuryakh projects in East Siberia, and signed new oil supply and LNG deals.

Those agreements significantly increased energy cooperation between India and Russia. Previously, ONGC Videsh took a 20% stake in Sakhalin 1 in Russia's Far East in 2001.

Russia's role in the Indian sector has also expanded in recent years. Rosneft is part of a consortium with Trafigura which took control of Essar oil, now known as Nayara Energy, last year.

The deal included the 20 million mt/year Vadinar Refinery, seen as a destination for Rosneft's crude supplies, as well as a possible hub for Rosneft to supply products to growing Asia-Pacific markets.

"Russia is, and will continue to be, a reliable energy supplier to India," Putin said Friday.

The relationship may be further strengthened by geopolitical tensions. Earlier this week the CEO of Nayara Energy said he was confident the company can leverage the strength of its partners including Rosneft and Trafigura to source alternative cargoes if Iran crude flows stop in November due to US sanctions.

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Earlier:

 INDIA'S - RUSSIAN NUCLEAR
2018, September, 28, 09:45:00

INDIA'S - RUSSIAN NUCLEAR

ET - India and Russia are expected to conclude an ‘action plan’ for expanding civil nuclear energy partnership during their annual summit here on October 5.

 

 INDIA'S GDP UP 8.2%
2018, September, 3, 14:35:00

INDIA'S GDP UP 8.2%

REUTERS -India’s annual economic growth surged to a more than two-year high of 8.2 percent in the three months through June, giving Prime Minister Narendra Modi’s government a political boost in the final year of his term before elections.

 

 RUSSIA - INDIA NUCLEAR LOCALISATION
2018, August, 29, 10:25:00

RUSSIA - INDIA NUCLEAR LOCALISATION

ET - Russia will work with India for localisation of equipment for nuclear power plants: Andrey Shevlyakov, CEO, Rosatom South Asia

 

 INDIA'S OIL DEMAND UP 4.5%
2018, May, 16, 12:15:00

INDIA'S OIL DEMAND UP 4.5%

BLOOMBERG - India’s oil consumption surged 4.5 percent in April as industrial activity gathered pace in Asia’s third-largest economy and sales of trucks and buses soared.

 

 WBG: SOUTH ASIA'S GROWTH
2018, April, 16, 09:25:00

WBG: SOUTH ASIA'S GROWTH

WBG - South Asia has regained its lead as the fastest growing region in the world, supported by recovery in India. With the right mix of policies and reforms, growth is expected to accelerate to 6.9 percent in 2018 and 7.1 percent next year.

 

 RUSSIAN LNG FOR INDIA
2018, April, 13, 17:40:00

RUSSIAN LNG FOR INDIA

REUTERS - GAIL renegotiated the terms of a long-term 2.5 million tonnes per annum (mtpa) liquefied natural gas (LNG) purchase deal with Russia’s Gazprom in January.

 

 РОССИЯ - ИНДИЯ - БАНГЛАДЕШ: АЭС
2018, March, 4, 11:00:00

RUSSIA - INDIA - BANGLADESH NUCLEAR

ROSATOM - ROSATOM, the Ministry of Science and Technology of the People's Republic of Bangladesh and the Department of Atomic Energy of the Government of the Republic of India signed a Memorandum of Understanding on cooperation in the implementation of the Rooppur NPP construction project in Bangladesh.

 

Tags: INDIA, RUSSIA, ENERGY

Chronicle:

INDIAN - RUSSIAN ENERGY COOPERATION
2018, November, 19, 11:20:00

U.S. SECURITIES OUTFLOW $29.1 BLN

U.S. DT - The sum total in September of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC outflow of $29.1 billion. Of this, net foreign private inflows were $23.5 billion, and net foreign official outflows were $52.7 billion.

INDIAN - RUSSIAN ENERGY COOPERATION
2018, November, 19, 11:15:00

U.S. INDUSTRIAL PRODUCTION UP 0.1%

U.S. FRB - Industrial production edged up 0.1 percent in October, as a gain for manufacturing outweighed decreases elsewhere. As a result of upward revisions primarily in mining, the overall index is now reported to have advanced at an annual rate of 4.7 percent in the third quarter, appreciably above the gain of 3.3 percent reported initially.

INDIAN - RUSSIAN ENERGY COOPERATION
2018, November, 19, 11:10:00

GREEN NUCLEAR ENERGY

WNN - "nuclear energy is a "mature, low greenhouse gas emission source of baseload generation that could make an increasing contribution to global development based on low-carbon energy supply".

INDIAN - RUSSIAN ENERGY COOPERATION
2018, November, 19, 11:05:00

SAUDIS, PAKISTAN INVESTMENT: $6 BLN

ARAB NEWS - Saudi Arabia has shown investment interest in Pakistan’s largest coastal refinery, a multibillion-dollar project being set up at Khalifa Point, near Hub, Balochistan, officials have confirmed.

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