India intends to upsurge energy imports from Russia

Syed AhadWeb Editor

08th Sep, 2021. 01:03 am

India plans to upsurge energy imports from Russia, together with liquefied natural gas (LNG), Indian Ambassador to Russia Venkatesh Varma stated.

Currently, in spite of great mutual investments in the energy division, the import of liquefied hydrocarbons from Russia to India is only 1%.

We intend to increase this share,” the Indian ambassador said.

According to Varma, India’s economy is probably to raise at a rate of 8-10% yearly over the next few years, and energy consumption will be twice.

He stated, “So, great prospects are opening up for Russian companies to participate in shaping India’s energy security,”

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