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9 September 2015,

Rosneft spells out its Asian pivot strategy

Amit Bhandari, fellow for energy and environment studies, Gateway House, was quoted from his press statement on 'ONGC’s Purchase of Stake in Rosneft' by Livemint.

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Below is the quote from Amit Bhandari.

“As one of the largest importers of oil and gas, India can be a major market for Russia, especially now when there is an over-supply in the oil market. Russia is one of the largest producers and exporters of crude oil, natural gas and petroleum products—it needs to secure demand, particularly in the aftermath of the country’s face-off with the West over Ukraine, which is possibly leading some of its key customers to consider alternative suppliers of energy,” Amit Bhandari, a fellow at the think tank Gateway House said in a 4 September statement.

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