India, Russia expand energy ties

at 10:18 am
Dharmendra Pradhan
Minister of Petroleum and Gas Dharmendra Pradhan held bilateral meetings in Russia

New Delhi (NVI): Expanding energy cooperation between India and Russia, Minister of Petroleum and Gas Dharmendra Pradhan held series of bilateral meetings with the first Deputy Minister Sergey Tyrtsev for development of the Russian Far East and Artic over sourcing coking coal and other minerals for India on October 23.

Long-term cooperation with Russian Far East in Coal Sector is expected to help India bridge the demand gap of coking coal in the Country.

During his four-day visit to Japan and Russia, Pradhan also met the Vice Chairman of RosGeo, the national geological company that conducts Seismic and Geological Study of oil, Gas and other issues. RosGeo was a part of the efforts to discover the ‘Bombay high’ field of ONGC.

Areas of cooperation in coking coal, oil, gas and rare earth metals, especially Lithium, were discussed during the meeting, .an official statement said.

He also interacted with Senior Management of Vostochny intermodal container port, one of the oldest and year-round operation port in the Russian Far East which is specialized in coal handling and suitable for handling large tonnage ships.

He had discussion with port authorities about their expansion plans and also on ways to secure more coking coal for the domestic steel industry.

Meanwhile, Pradhan also met Vadim Mikhailov, Deputy Head of Russian Railways and discussed about the logistical issues in evacuation of coking coal.

“Russian Railways is completing the necessary infrastructure by 2020 to decongest railway lines and to ensure smooth connectivity between ports and Mining Centre,” Mikhailov informed the Minister.

The representatives of Indian Steel and Coal companies held separate meetings with their Russian counterparts.