This week, India is entering trade negotiations with the United States, demonstrating its readiness to increase imports of American energy resources, particularly liquefied natural gas (LNG). This move aims to alleviate Washington’s concerns regarding India’s purchases of Russian oil and pave the way for broader participation of private, including American, investors in the country’s renewable and nuclear energy sectors.
This is reported by Finway
Significant Reduction in Russian Oil Purchases by Indian State Refineries
Analysts note that during the summer months of 2025, India’s state-owned oil refineries reduced their purchases of Russian oil by more than 45%. In September, the supply volume for state refineries was around 600,000 barrels per day, while in June, this figure reached 1.1 million barrels. Experts emphasize that this reduction is significant and is linked to changes in the import structure under political pressure and rising transportation costs.
“According to analysts, during the summer, India’s state oil refineries cut their purchases of Russian oil by more than 45%. Thus, in September, the supply volume of Russian oil for India’s state refineries was about 600,000 barrels per day, while in June, the figure reached 1.1 million barrels. Specialists described the reduction as significant and noted that it reflects a change in the import structure amid political pressure and rising freight costs.”
Russia Intensifies LNG Exports Despite Sanctions
Despite the restrictions, private oil refining companies in India, including Reliance Industries and Nayara Energy (controlled by Rosneft), are increasing their purchases of Russian oil. The total import of Russian crude to India has currently stabilized at 1.6 million barrels per day after a summer peak of 2 million barrels, but analysts predict further declines in October.
At the same time, Russia is ramping up liquefied natural gas exports, seeking to test US President Donald Trump’s reaction to sanctions violations. The Arctic LNG 2 plant, located in the Russian Arctic and subject to American restrictions, is already preparing its tenth shipment since June. From August to the Chinese terminal Beihai, eight tankers carrying sanctioned Russian LNG have arrived.