Russia has proposed expanding its supply of crude oil and liquefied natural gas (LNG) to India as the crisis in the Middle East continues to disrupt global energy markets, PTI reported.
Energy cooperation was a central focus of discussions held on Thursday between Russia’s First Deputy Prime Minister Denis Manturov and senior Indian leaders, including National Security Advisor Ajit Doval, External Affairs Minister S. Jaishankar, Finance Minister Nirmala Sitharaman, and Prime Minister Narendra Modi.
According to an official statement from Russia, “Denis Manturov confirmed that Russian companies have the capacity to steadily increase supplies of oil and liquefied natural gas to the Indian market.”
The developments come amid ongoing instability in the Middle East, which continues to exert pressure on global energy markets, largely due to disruptions in crude oil and natural gas shipments transiting the Strait of Hormuz.
Global energy prices have risen sharply following Iran’s effective blockade of the Strait of Hormuz, a vital maritime passage linking the Persian Gulf and the Gulf of Oman that handles nearly 20% of worldwide oil and LNG flows. West Asia has historically served as a primary source of India’s energy imports.
During the India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological, and Cultural Cooperation (IRIGC-TEC), co-chaired by Manturov and Jaishankar, several matters concerning bilateral connectivity were discussed.
A key focus of the talks was the expansion of mutually beneficial trade, investment, and industrial collaboration.
Manturov noted that Russia had increased fertilizer exports to India by 40% by the end of 2025 and reaffirmed readiness to continue meeting India’s ongoing requirements.
According to India’s Ministry of External Affairs (MEA), both countries engaged in extensive discussions covering trade, industry, energy, and fertilizers, while also exploring new opportunities for cooperation in technology, innovation, and strategic minerals.
The delegations also assessed the progress of initiatives launched during the 23rd India–Russia Annual Summit held last December.
Following President Vladimir Putin’s visit to India for the summit, Modi and Putin outlined a series of measures, including a five‑year roadmap aimed at strengthening economic ties and raising annual bilateral trade to $100 billion by 2030.
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