India's ONGC interested in Russia's Arctic offshore

Reuters

MOSCOW, Oct 21 (Reuters - India's state oil company ONGC is interested in exploring for oil and gas in theArctic offshore with Russian partners, the leaders of the twocountries said after holding talks in Moscow on Monday.

The two sides also said they would study the possibility ofpumping Russian hydrocarbons by pipeline to India, whileagreeing on the significance of supplying Russian liquefiednatural gas (LNG) to India.

A joint statement, issued after President Vladimir Putinhosted Prime Minister Manmohan Singh in the Kremlin, containedno energy breakthroughs. India has long sought to expand itsupstream foothold in Russia, with limited success.

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