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/
Russian Foreign Ministry spokeswoman Maria Zakharova earlier said that the treaty provides for various forms of bilateral cooperation.
The comprehensive strategic partnership agreement between Russia and Iran has entered into force, Iranian Ambassador to Russia Kazem Jalali told Sputnik.
"It is already binding," Jalali said when asked about the date of entry into force of the agreement, as well as whether Iran had notified Russia of the completion of internal procedures.
He recalled that the treaty was ratified by both chambers of the Russian parliament, and Russian President Vladimir Putin signed it. At the same time, the document was ratified by the Iranian parliament, approved by the Guardian Council, and the president issued it as a law.
"Therefore, in both countries it currently has the form of a law and, naturally, has entered into force," Jalali said.
On January 17, Putin and his Iranian counterpart, Masoud Pezeshkian, met in Moscow to sign the Comprehensive Strategic ...
Defying the United States threats, ministers from more than 30 nations have packed Bogotá’s San Carlos Palace to charge the Israeli regime with genocide over its October 2023-present brutal military assault against the Gaza Strip.
The dramatic display of international solidarity saw dozens of high-ranking officials from across the globe convene inside the stately palace on Tuesday, determined to hold the regime accountable for, what they unequivocally called, a “war of genocide.”
The two-day emergency summit, organized under the auspices of The Hague Group -- a coalition co-chaired by Colombia and South Africa -- had representatives, ranging from such countries as Algeria and Brazil to Pakistan and Spain, in attendance.
The participants described the drive as a coordinated effort to stop the Israeli atrocities.
Behind closed doors, ministers and envoys, meanwhile, engaged in intensive sessions aimed at drafting collective measures to pressure the regime -- steps expected to be unveiled by ...