Russia offers India more energy
Analysis based on 13 articles · First reported Apr 03, 2026 · Last updated Apr 03, 2026
The offer from Russia to increase crude oil and Liquefied natural gas supplies to India is expected to stabilize global energy markets, particularly for India, by diversifying its energy sources away from the volatile West Asia region. This could lead to a decrease in global oil and gas prices, which surged after Iran's actions in the Strait of Hormuz.
Amidst the ongoing West Asia crisis and the virtual blockade of the Strait of Hormuz by Iran, which has caused significant volatility in global energy markets and a surge in oil and gas prices, Russia has offered to increase its supplies of Petroleum and Liquefied natural gas to India. This offer was made during high-level meetings in New Delhi between Russia's First Deputy Prime Minister Denis Manturov and senior Indian leaders including National Security Advisor Ajit Doval, External Affairs Minister S. Jaishankar, Finance Minister Nirmala Sitharaman, and Prime Minister Narendra Modi. The discussions also covered expanding trade, investment, industrial cooperation, and civil nuclear energy. Russia also noted a 40% increase in fertiliser supplies to India by the end of 2025. This move aims to strengthen bilateral ties and provide India with a more stable energy supply, mitigating the impact of disruptions in West Asia.
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