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Modi, Putin To Hold Talks On India-Russia Gas Pipeline

Rahul9090

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Prime Minister Narendra Modi will meet Russian President Vladimir Putin on the sidelines of the sixth BRICS summit in Brazil today. This meeting will follow Modi's meeting with Chinese President Xi Jinping.

The Modi-Putin talks will cover a new point in the Indo-Russian discourse - a hydrocarbon pipeline from Russia to India. The proposed pipeline will give a major boost to the Indo-Russian ties.

The hydrocarbon pipeline is likely to cost $40 billion and would take four to five years to complete. Initially, the pipeline would be used for transporting gas and later also for oil.

Modi and Putin are likely to give the political clearance to the project. After this, technical consultations will start. Both the countries will set up a task force for implementing this project.

Since setting up a joint task force for such a massive project would require a lot of work and hectic consultations, the deal is unlikely to be clinched at a meeting on the sidelines of a multilateral summit. India and Russia are likely to announce the setting up of this joint task force when Putin travels to India later this year for a bilateral summit.



Modi, Putin To Hold Talks On India-Russia Gas Pipeline | Business Insider India
 
They won't discuss it in detail, probably just one for the camera and the international news crew. Putin is expected here in December with a full blown business delegation. This includes the usual nuclear experts, weapons experts, processing production experts and this time will include Igor Sechin and other oil and gas big names.

You just don't sign such humongous deals by pulling aside the other country's president and asking him to nod with you in agreement.

Even if we take a liberal estimate, with NaMo it may take at least 5-6 months to negotiate a work path before they actually start drilling through.

Maybe, Modi ji will discuss a brief of his intentions with both Xi and Putin to project a more concrete resolve.

But the bulk of the discussions will happen only in Delhi this December.
 
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