Russia seeking to expand energy exports to India minister

Moscow is eyeing larger oil, LNG, and coal shipments as the two countries deepen their partnership, Sergey Tsivilev has said

Russia and India continue to maintain a strong energy partnership and are developing new agreements to expand cooperation, Russian Energy Minister Sergey Tsivilev told TASS on Monday.

The official said Russia is ready to offer India liquefied natural gas (LNG) from both existing and future projects, given India's plans to raise the share of gas in its energy balance to 15%. Tsivilev also noted that India is a major consumer of Russian coal and that Moscow plans to increase coal exports to the South Asian nation to 40 million tons by 2035.

India remains one of our key partners," Tsivilev said. "In 2024, a significant share of our oil exports went to India, and supplies remain at a high level this year. To enhance the reliability of transportation, we are developing a Russian-Indian intergovernmental agreement to expand cooperation in the supply of oil and petroleum products by sea."

According to recent reports, Russia exported 26.2 million tons of coal to India in 2023, compared with 20 million tons in 2022.