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Tuesday, April 4, 2023
Russia in Talks with India to Develop Northern Sea Shipping Route
Russia and India are looking at expanding the use of the Northern Sea shipping route that passes through the Artic and which could include the building of processing facilities, Russia’s Interfax agency reported
Russia’s Gazprom is increasing gas supplies to China and expects soon to reach the maximum planned level through a Siberian pipeline, its chairman said, highlighting Beijing’s importance as his country’s top export market in the face of Western sanctions
India was the biggest buyer of seaborne Urals oil in March and the country's demand for the grade means Russia has to maintain high exports, two traders said and Refinitiv Eikon data showed
Chinese state energy giants have made a number of multi-billion dollar investments in Russia, one of China's top oil and gas suppliers, across various stages of the energy supply chain
India’s Reliance Industries Ltd. has shifted most of its oil traders from Mumbai to Dubai, executing a plan announced in 2021, but which now coincides with the city’s growing stature as a commodities hub
In recent years, the energy partnership has played a crucial role in Sino-Russian trade and economic cooperation. The partnership between China and Russia in the oil and gas industry is one of the most significant developments in the global energy market
Russia’s deputy prime minister has said the construction of two gas pipelines from Russia to China will attract up to $94bn in direct investment, news agency TASS reports