Petroleum and Natural Gas Minister, Dharmendra Pradhan held discussion with Minister of Energy of Russia, Alexander Novak through video conferencing on Wednesday.

The discussion was centred around on global oil and gas scenario and review of bilateral cooperation in the field of oil, gas and coking coal.

Russian Minister briefed the Indian Minister on the recently signed OPEC plus agreement.

Mr. Pradhan welcomed the agreement saying that it is an important step in providing stability and predictability to the global energy markets, which is important for India as a consuming nation.

He emphasised that Indian economy will continue to be the demand centre for hydrocarbons.

The two Ministers also reviewed the ongoing projects between the two countries including participation with Rosneft in the Vostok Project, Novatek supplies of LNG, cooperation between Gail and Gazprom.

During the meeting, emphasis was laid on the cooperation in the coking coal sector in which considerable headway has been made since the Prime Minister Narendra Modi visit to Russia in September 2019.