Russia’s energy elite, Indian govt officials try to keep oil flowing
Energy security is set to dominate a gathering of international executives and government officials in India this week, as the world’s third-largest oil importer juggles the impact of Red Sea tensions, tighter sanctions against Russia and a looming general election.
The event, which starts Tuesday, is an opportunity to showcase Prime Minister Narendra Modi’s progress on renewable electricity and, for a domestic audience, to highlight existing efforts to keep power prices under control. But it will also be a chance to further other ambitions — in particular resolving hurdles in trade with Russia that have contributed to a drop in flows of discounted oil.
