India is exploring the purchase of liquefied natural gas produced in Russia's Arctic region, according to Russian Deputy Foreign Minister Andrey Rudenko.
The comment signals a potential expansion of energy trade between the two nations beyond crude oil, targeting high-cost Arctic projects that require long-term offtake commitments.
Rudenko noted that cooperation in the logistics sector also holds strong potential, suggesting that infrastructure and shipping arrangements may be part of the broader dialogue.
Rudenko noted that cooperation in the logistics sector also holds strong potential, suggesting that infrastructure and shipping arrangements may be part of the broader dialogue.
This development comes as India has already become a primary destination for Russian hydrocarbons, with crude imports reaching record levels in recent months.
The prospect of Indian demand for Arctic LNG is significant for global gas markets.
Arctic projects, such as Yamal LNG and Arctic LNG 2, have faced logistical and financial hurdles due to sanctions and shipping restrictions.