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India to study prospects of oil and gas pipeline supplies from Russia

June 04, 2015, 21:52 UTC+3 NEW DELHI

Russia sees a huge potential in India for pipeline gas supplies

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© ITAR-TASS/Ruslan Shamukov

NEW DELHI, June 4. /TASS/. India intends to explore the feasibility of oil and gas pipeline supplies from Russia, India’s Ministry for Petroleum and Natural Gas said on Thursday after the meeting between Indian Minister Dharmendra Pradhan and Russian Energy Minister Alexander Novak in Vienna.

"It was agreed to conduct a joint study at an early date for exploring feasibility of crude and gas pipelines from Russia to India," the India’s ministry said.

"India showed interest to import LNG and crude from Russia," the ministry added.

The two sides also reviewed existing Indian investment projects in Russia and discussed possibility of working together in exploration and production sector, the ministry said.

Russia sees a huge potential in India for pipeline gas supplies, Energy Minister Alexander Novak said earlier in an interview with Russia Today TV channel.

"The potential is huge because as of today India consumes a relatively small volume of gas and a large part of the population needs modern energy consumption services. I think, in terms of energy resources consumption India will be growing faster than any other country. That is why the potential is huge there both in terms of natural gas supplies and liquefied natural gas supplies," Novak said.

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