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Russia will fulfill its obligations to supply gas to India
Under the contract between Gazprom and the Indian company GAIL, the first consignments of Russian liquefied natural gas will begin to flow to India as early as 2017, "and even if the dates are shifted, then no later than 2021." This was stated by Russian President Vladimir Putin in an interview with PTI news agency. ahead of an official visit to India.
The head of state recalled that, according to the agreement, the volume of export is 2,5 million tons of gas annually for twenty years. “As for the organization of natural gas supplies from Russia to India, this issue needs to be carefully considered. Preliminary analysis shows that the cost of pipeline transportation can be significantly higher than the cost of supplying liquefied natural gas. So, by and large, this is a matter of commercial viability, ”he explained.
Putin noted that India has expressed interest in concluding a free trade agreement with the Customs Union of Russia, Belarus and Kazakhstan. “Experts of the joint group being formed under the Eurasian Economic Commission will have to determine which steps are advisable to take, for which groups of goods we will be able to open markets, and for which it would be premature,” he added.