Forget about other sectors like defence, space, infrastructure and diamonds. Focus for now only on energy sector in view of space constraints. Sample this excerpt from the Joint Statement which gives a sneak peek into how intense the Indo-Russian partnership in the field of energy is going to be in the coming years: “The leaders envisage broader collaboration between hydrocarbon companies of the two countries in oil and gas exploration and production as well as in LNG projects and supplies. The sides will promote natural gas utilization as an abundant and environmentally friendly source of energy for diverse purposes in their economies, including motor fuel and feedstock. It is expected that Indian companies will strongly participate in projects related to new oil and gas fields in the territory of the Russian Federation. The sides will study the possibilities of building a hydrocarbon pipeline system, connecting the Russian Federation with India. They will also examine avenues for participation in petrochemical projects in each others country and in third countries. The leaders have encouraged Indian and Russian companies to pursue greater participation in each others power generation projects, as also in supply of equipment, technology for enhanced oil recoveries and extraction of coal, including coking coal.”
Posted on: Fri, 12 Dec 2014 05:39:50 +0000
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