In recent years, there has been a growing trend of Indian businesses engaging in deals with Russian energy companies. These deals have not only strengthened the economic ties between the two countries but have also opened up new opportunities for collaboration and investment.

Category : | Sub Category : Posted on 2025-11-03 22:25:23

One of the most significant deals between Indian businesses and Russian energy companies is the agreement between Indian oil and gas company ONGC Videsh and Russian oil giant Rosneft. In 2016, ONGC Videsh acquired a 15% stake in Rosneft's Vankor oilfield, located in Siberia. This partnership has allowed ONGC Videsh to gain access to Russia's vast oil reserves and has enabled Rosneft to benefit from Indian investment and expertise. Another noteworthy deal is the collaboration between Indian energy company GAIL and Russian energy company Gazprom. In 2012, GAIL signed a 20-year liquefied natural gas (LNG) supply agreement with Gazprom, marking a significant milestone in energy cooperation between the two countries. This agreement has not only secured a stable supply of natural gas for India but has also laid the foundation for future collaborations in the energy sector. Apart from oil and gas deals, Indian businesses have also shown interest in renewable energy projects in Russia. In 2018, Indian renewable energy company ReNew Power announced plans to invest in solar projects in Russia, aiming to leverage Russia's abundant solar resources and contribute to the country's clean energy transition. Overall, the increasing collaboration between Indian businesses and Russian energy companies reflects the growing mutual interests and benefits of cooperation in the energy sector. These deals not only strengthen the economic ties between India and Russia but also pave the way for future partnerships and investments in the dynamic global energy market. 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