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Manmohan Singh and Putin meet in Moscow

Tuesday, October 22, 2013 - 00:44

Oct. 21 - Russian President Vladimir Putin and Prime Minister Manmohan Singh meet in Moscow. Rough Cut (no reporter narration).

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ROUGH CUT (NO REPORTER NARRATION) STORY: Russian President Vladimir Putin met with his Indian counterpart Manmohan Singh on Monday and later signed a number of agreements after summit talks in Moscow. The two sides will study the possibility of pumping Russian oil and gas by pipeline to India, while agreeing on the significance of supplying Russian liquefied natural gas (LNG) to India. A joint statement, issued after President Vladimir Putin hosted Prime Minister Manmohan Singh in the Kremlin, contained no energy breakthroughs, however. India has struggled to expand its upstream foothold in Russia, despite a security relationship dating back to the Cold War and the two countries' membership in the BRICS caucus of emerging economies that includes India, Brazil and South Africa. Both leaders' post-meeting comments sidestepped oil and gas matters, while Singh expressed optimism that the second unit of a Russian-built nuclear power station in Kudankulum will be built next year. Russia estimates its offshore oil resources at 100 billion tonnes, which would be enough to satisfy global demand for 25 years at current levels of consumption.

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Manmohan Singh and Putin meet in Moscow

Tuesday, October 22, 2013 - 00:44