India and Russia ditching dollar in energy deal

Payments for LNG supplies could be settled in national currencies, the head of the Russian firm has revealed Russia’s largest independent gas producer, Novatek, is in talks with India over long-term contracts on supplies of liquefied natural gas (LNG), the company’s CEO, Leonid Mikhelson, announced on Monday. Negotiations with several Indian companies are underway as Russia is keen to invest in the country’s energy sector and further expand cooperation, he told reporters on the sidelines of the India Energy Week forum. “We want to be not just LNG suppliers, Indian engineering companies are already taking part in o

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Last updated : 07 February 2023 clock 08:57 AM

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