India Balances US Energy Ties With $25 Billion Russian Gas Deal


India Balances US Energy Ties With $25 Billion Russian Gas Deal

India on Monday started receiving long-term gas supplies from Russia’s Gazprom, the world’s top publicly-listed natural gas company, under a $25-billion deal that indicates New Delhi’s quest for newer routes towards energy security and balancing ties with Washington and Moscow.

“Today will be remembered as a golden day for India’s energy security roadmap,” oil minister Dharmendra Pradhan said after receiving ‘LNG Kano’, the cryogenic ship carrying the first cargo of LNG (liquefied natural gas) under a 20-year deal with state-run GAIL here on Monday. Read More

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