New Delhi: Russia has offered to increase its supplies of crude oil and liquefied natural gas to India, as the ongoing Middle East crisis adds volatility to the global energy market, PTI reported, citing officials familiar with the discussions.
Energy cooperation formed a key part of the talks on Thursday between Russian First Deputy Prime Minister Denis Manturov, National Security Advisor Ajit Doval, External Affairs Minister S Jaishankar, Finance Minister Nirmala Sitharaman and Prime Minister Narendra Modi.
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Russia offers to supply more oil to India amid the Hormuz crisis, and Russian oil imports jump 90% in March
A Russian reading of Manturov’s commitments in New Delhi stated, “Denis Manturov stressed that Russian companies have the ability to steadily increase supplies of oil and liquefied natural gas to the Indian market,” the agency reported.The comments come amid disruptions to crude oil and gas shipments through the Strait of Hormuz, a vital passage between the Persian Gulf and the Gulf of Oman that handles nearly 20% of global oil and liquefied natural gas exports. India derives a large portion of its energy needs from the Middle East.This disruption has driven up energy prices across the region, including the cost of commercial LPG, air turbine fuel (ATF) and premium gasoline in India.
The disruption has affected the gas sector much more, as India imports more than 60% of its LPG consumption and about 90% of it comes through the Strait of Hormuz. Since the beginning of the conflict, in order to protect consumers from supply disruptions, the government has ensured the operation of more than 100% production capacity for all refineries in the country, and has also diversified sources of oil and gas. During the Indo-Russian Intergovernmental Committee on Trade, Economic, Scientific, Technological and Cultural Cooperation (IRIGC-TEC), co-chaired by Manturov and Jaishankar, the two sides discussed expanding bilateral trade, investment and industrial cooperation. “Specific steps were discussed to create favorable conditions for increasing the volume of bilateral trade in the current context,” the Russian readout said.Manturov also highlighted Russia’s support for fertilizers, noting that supplies to India had increased by 40% by the end of 2025, with more deliveries planned to meet India’s needs.The Ministry of Foreign Affairs said the talks covered a wide range of areas, including trade and industry, energy, fertilizers, connectivity, mobility, technology, innovation, bio-minerals and civil nuclear energy.
Regarding the latter, the Russian statement noted that “Russia sees great prospects for deepening engagement with India in this field.”The discussions also reviewed the progress made in implementing the outcomes of the 23rd annual India-Russia summit held in December 2025, when Russian President Vladimir Putin visited India. The summit revealed a five-year roadmap to strengthen the economic partnership and raise the volume of annual bilateral trade to $100 billion by 2030.The agency added that Jaishankar and Manturov exchanged views on regional and global developments, including the conflict in the Middle East.
