Dharmendra Pradhan visits Russia to boost bilateral engagement on energy

Union Minister Dharmendra Pradhan had a discussion with Russian Deputy PM & Presidential Envoy to Far Eastern Federal Districts of Russia, HE Yury P Trutnev in Moscow. (Credits: Twitter)

Renewing India’s interest in energy and mineral collaboration with Russia, Minister of Petroleum & Natural Gas and Steel Dharmendra Pradhan visited Moscow from August 29-30, 2019 on the invitation of Minister of Energy of Russian Federation Alexander Novak. During the visit, he held a series of high-level bilateral engagements with Russian Government and private sector entities from energy and steel sectors.

The Minister was accompanied by a 25-member strong business delegation comprising of CEOs of some of the largest Indian oil & gas, steel and engineering consulting companies. Coming a week before the visit of Prime Minister Narendra Modi to Vladivostok, it represented a powerful signal of India’s interest in energy and mineral collaboration with Russia.

 The visit saw high level meetings of Pradhan with Deputy Prime Minister of Russia and Presidential Envoy to the Far Eastern Federal District Yuri Trutnev; Minister of Energy, Alexander Novak, and Deputy Minister of Industry and Trade, in-charge of steel sector Victor Evtukhov.

In his interaction with Dy PM Trutnev, Pradhan conveyed that India was committed to strengthening India’s engagement in energy and steel sector with the Russian Far East. He presented the Indian interest to increase energy cooperation with Russia and to become a long term partner of the Russian coal sector. The Deputy Prime Minister invited the Indian side to consider various opportunities in the Far East in the coking coal, transport and logistics sector.  He also stressed upon the need of direct shipping routes between Russian Far East and Indian Eastern Coast.

Dharmendra Pradhan also met with the Russian Minister of Energy Alexander Novak. The two sides reviewed the current status of cooperation and identified various opportunities in which to their engagement can be increased. Their discussions covered a myriad of issues like mutual investment in each other’s countries, developing on robust energy relationships, protection of both energy producers and consumers etc. After the meeting of the two Ministers, the discussion was opened to oil and gas companies of both countries from public and private sectors. The two Ministers stated their support for increasing energy relations and welcomed the initiatives of the companies which have resulted in the energy sector becoming one of the important pillars of India-Russia relations.

During the visit of Pradhan, a special session was organized for the Indian delegation to discuss specific projects of immediate interest to Indian companies. The session which was organised with the support of Russia’s Far East Investment and Export Agency was attended by around 40 representatives from top Russian companies. This platform provided an opportunity for high-level interaction between the Indian and Russian companies. During the event presentations were made on specific opportunities for Indian companies in the oil, gas and coking coal and steel sectors–in both greenfield and brownfield investments. Companies on both sides held separate B2B follow-up meetings to concretize the ideas discussed in the expanded session.

Pradhan and the delegation also visited the Innovation Centre and Moscow Business School in Skolkovo. The head of Skolkovo foundation Arkady Dvorkovich, presented the opportunities to Indian companies and welcomed their participation in the Skolkovo platform. The Skolkovo Innovation centre which has more than 2000 start ups has the potential to integrate Indian and Russian products into the global value chain. Various Russian companies which had interest in cooperation with Indian companies presented various opportunities for collaboration in sectors ranging from oil and gas to Digital economy to robotics etc.

Leave a Reply