India and Russia will strike an energy partnership when Prime Minister Narendra Modi hosts President Vladimir Putin on Thursday to prepare the way for two Siberian oil deals and chart a route for a first pipeline between the two countries.
But a joint ‘vision’ document is likely to lack hard details, with terms still being thrashed out for ONGC Videsh to acquire an interest in Rosneft’s Vankor and Yurubcheno-Tokhomskoye oilfields, officials and industry sources on both sides say.
There are doubts over the viability of proposed oil and gas pipeline routes that would either cross conflict-ridden Afghanistan and Pakistan – India’s arch enemy – or mountainous tracts of inner China.
Russia, isolated by the West over its annexation of Crimea and backing of an armed uprising in eastern Ukraine, has a friendship with India that dates back to the Soviet era. ( Read more )