India continues to be a key partner for Russia’s fuel and energy complex, Russian energy minister Sergei Tsivilev said.
The minister said Russia is ready to boost LNG supplies to India from its current and future projects as India aims to raise gas share to 15 per cent in its energy mix.
“Given India’s plans to increase the share of gas in its energy mix to 15 per cent, we are ready to offer LNG from current and future Russian projects,” Tsivilev told Russian state-news agency TASS.
In July, deputy prime minister Alexander Novak had said Russia and India were exploring opportunities to deepen cooperation in the gas sector, including increasing gas supplies. According to him, Russia supplied India with around 3 million tonnes of LNG per year, a volume that could be further increased.
“India remains a key partner for us. In 2024, it accounted for a significant share of our oil exports and this year supplies have stayed at a high level,” Tsivilev said in the backdrop of US sanctions against Russian oil majors Rosneft and Lukoil impacting oil imports by India.
The minister also said India is a major consumer of Russian coal, adding, “We plan to boost coal exports to the country to 40 million tonnes by 2035”.
Earlier, Russian deputy energy minister Dmitry Islamov told TASS that the main promising markets for Russian coal exports are China, India and Africa.
