Russia offers to increase supply of crude oil, LNG to India amid war in West Asia

Russia offers to boost crude oil and LNG supplies to India amid West Asia crisis, enhancing bilateral energy cooperation.

With the West Asia crisis continuing to drive volatility in the global energy market, Russia has offered to increase supply of crude oil and natural gas to India even as the two countries agreed to further enhance overall bilateral ties.

The energy cooperation figured prominently in meetings Russia’s First Deputy Prime Minister Denis Manturov held with National Security Advisor Ajit Doval and External Affairs Minister S. Jaishankar on Thursday (April 2, 2026), sources told PTI.

Mr. Manturov also held talks with Finance Minister Nirmala Sitharaman and called on Prime Minister Narendra Modi on Thursday.

A Russian readout of the First Deputy Prime Minister's engagements in New Delhi said special attention was accorded to bilateral cooperation in the oil and gas sector. “Denis Manturov confirmed that Russian companies have the capacity to steadily increase supplies of oil and liquefied natural gas to the Indian market,” it said.

The comments came as the the West Asia crisis continued to put strain on the global energy market largely due to disruptions in supplies of crude oil and gas through the volatile Strait of Hormuz.

Global oil and gas prices have surged after Iran virtually blocked the Strait of Hormuz, a narrow shipping lane between the Persian Gulf and the Gulf of Oman, that handles roughly 20% of global oil and liquefied natural gas (LNG). West Asia is a major source of India’s energy procurement.