Russia expands coal mining and energy initiatives in India

04 Oct 2024 CW Team

Russia is actively pursuing opportunities in coal mining and new energy projects in India, according to Alexander Novak, Deputy Prime Minister of the Russian Federation. He highlighted the potential for collaboration in the coal sector, particularly amidst a global shortage of high-quality metallurgical coal. Russian coal companies are keen to enhance their footprint in the burgeoning Indian market.

Speaking at the Russian Energy Week (REW) International Forum, Novak emphasized three key trends in the global energy landscape: rising energy demand, technological advancements, and shifts in geopolitics. The theme of this year's REW is ""Energy Cooperation in a Multipolar World.""

Novak expressed Russia's openness to discussing various energy projects with India, covering areas such as mining, processing, marketing, and power generation. While negotiations are ongoing, he noted that specific project details will be disclosed as agreements are reached.

India remains a vital partner for Russia in the energy sector, with Russia being the top oil supplier to India this year. The REW forum attracted over 5,300 participants from 81 countries, including significant delegations from China, Venezuela, Iran, the UAE, and South Africa. Notable Russian companies active in India include Uralmash, Gazprom, Rosatom, Silovye Mashiny, and BrahMos Aerospace.

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