Modi expected to sign major LNG pact with Russia

Modi expected to sign major LNG pact with Russia

Oil and energy prospects, including a major agreement to import LNG from Russia will mark Prime Minister Narendra Modi’s visit to Vladivostok beginning on Wednesday, in a trip being billed as the Russian version of India’s “Look east, Act east” policy.

“My visit to [the] Far East Region of Russia, the first by an Indian Prime Minister, underlines the desire on both sides to diversify and further strengthen the bonds of our robust bilateral relations,” Mr. Modi said in a departure statement issued in Delhi on Tuesday.

During the visit, which will last about 36 hours, Mr. Modi is expected to hold annual bilateral talks on defence, trade and nuclear energy with Mr. Putin, and attend the annual Eastern Economic Forum but will focus on opportunities for doing business with the Russian Far East, as well as a five-year road map for oil and gas in energy exploration and extraction, officials said. Read More

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