Payments for LNG supplies could be settled in national currencies, the head of the Russian firm has revealed
Russia’s largest independent gas producer, Novatek, is in talks with India over long-term contracts on supplies of liquefied natural gas (LNG), the company’s CEO, Leonid Mikhelson, announced on Monday.
Negotiations with several Indian companies are underway as Russia is keen to invest in the country’s energy sector and further expand cooperation, he told reporters on the sidelines of the India Energy Week forum.
“We want to be not just LNG suppliers, Indian engineering companies are already taking part in our projects and there’s a certain share of Indian suppliers in equipment. We want to expand and increase it,” Novatek’s CEO pointed out. Mikhelson added that his company was interested in a broader investment into the Indian market, including the construction of regasification terminals for LNG production.
He also revealed that the sides were considering settling LNG supply payments in national currencies – rupees or rubles – bypassing US dollar transactions.
“We discussed it with the energy minister [Hardeep Singh Puri],” Mikhelson confirmed without specifying exact numbers.
Earlier, Reuters reported that India’s main gas distributor GAIL was discussing the terms of a long-term contract on LNG imports with Novatek. The companies are close to signing a preliminary agreement, according to sources in the industry.
https://www.rt.com/business/571040-india-russia-lng-rupee-ruble/
Ghana is interested in purchasing a floating nuclear power plant from Russia, Ghanaian Ambassador to Russian Koma Steem Jehu-Appiah told Sputnik.
"I know that our minister of energy was here last year and signed a corresponding agreement. I think this is innovative, and in a conversation with the minister of energy, he said that the country is interested.
So, Ghana could purchase such a nuclear power plant," the diplomat said when asked about the possibility of Ghana purchasing a floating nuclear power plant.
Russia and Ghana began cooperation in the field of nuclear energy after signing an intergovernmental agreement in 2015.
The agreement outlined plans for joint work in the areas of training specialists, building nuclear power plants and related infrastructure, and providing maintenance services. In October 2023, representatives of Rosatom met with the Ghanaian Ministry of Energy in Cape Town. At the meeting, Russia proposed using floating nuclear power plants to supply power to ...
