“India is tuned toward interaction with Russia in the Arctic,” says a joint declaration signed this week by Indian Prime Minister Narendra Modi and Russian President Vladimir Putin during the Russia-India Summit in Vladivostok.

“India is following the development of the Arctic region and is ready to play an important role in the Arctic Council,” the declaration states.


The document includes as many as 81 points and touches on a wide range of issues of joint interest. Energy cooperation is among the priorities.

During the visit, Indian companies H-Energy and Petronet LNG signed memorandums of understanding with Russian natural gas company Novatek.

The agreements envisage joint investments in Novatek’s future LNG projects, as well as LNG supplies and the establishment of joint ventures.

“India’s rapid economic growth requires increasing demand for all sources of energy and, primarily, for natural gas as the most environmentally friendly type of fuel,” Novatek CEO Leonid Mikhelson said in a statement.