India and Russia Discussing Cooperation in Gas Exploration
India and Russia are discussing potential cooperation in gas exploration and supplies from the Russian Arctic region, according to Indian Commerce and Industry Minister Piyush Goyal.
“Both ministers of India and Russia with energy companies in Russia are discussing what we can do particularly in the Arctic region for gas exploration and supply to India“, Goyal said and Russian media reported.
The minister also expressed the hope for Russia’s larger involvement in the Indian energy sector, Russian Sputnik News wrote.
“Going forward we look at Russia as a trusted partner in the energy field. We would like them to play a greater role in the transformation of the (Indian) energy sector towards a gas-based economy”, he said.
Goyal also added that India and Russia expect to sign over a dozen memorandums of understanding (MoUs) during Prime Minister Narendra Modi’s visit to the Eastern Economic Forum (EEF) in Vladivostok in September.
“When the prime minister will visit the EEF, we will have over a dozen MoUs that are planned to be executed at that time, some of which we are discussing today and will finalise over next 20 days”, Goyal said.
Additionally, India and Russia will sign five memorandums of understanding (MoUs) on cooperation between the South Asian nation and the Russian Far East on Monday, according to Goyal.
The minister noted that the Indian delegation’s visit to Vladivostok was “in some sense” a preparation for the upcoming EEF in Vladivostok.
India is interested in providing services in the area of training workers of the Russian diamond sector, Indian Commerce and Industry Minister Piyush Goyal said.