Indian Minister of Renewable Energy: We Seek Deeper Partnership with Saudi Arabia

Prince Abdulaziz bin Salman, Saudi Minister of Energy, and his Indian counterpart, during the signing of the agreement between the two countries (Asharq Al-Awsat)
Prince Abdulaziz bin Salman, Saudi Minister of Energy, and his Indian counterpart, during the signing of the agreement between the two countries (Asharq Al-Awsat)
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Indian Minister of Renewable Energy: We Seek Deeper Partnership with Saudi Arabia

Prince Abdulaziz bin Salman, Saudi Minister of Energy, and his Indian counterpart, during the signing of the agreement between the two countries (Asharq Al-Awsat)
Prince Abdulaziz bin Salman, Saudi Minister of Energy, and his Indian counterpart, during the signing of the agreement between the two countries (Asharq Al-Awsat)

Indian Minister of Electricity and New and Renewable Energy Raj Kumar Singh said that his country was seeking to establish a deeper partnership with Saudi Arabia and to maximize bilateral projects, underlining New Delhi’s commitment to reducing the emissions intensity of its GDP by 45 percent by 2030.

Speaking to Asharq Al-Awsat on the sidelines of his participation in the Middle East and North Africa Climate Week (MENACW) 2023 in Riyadh, Singh said that Saudi Arabia was a reliable source of crude oil and India’s fourth-largest bilateral trading partner, noting that hydrocarbons accounted for about 68.6 percent of bilateral trade.

“Saudi Arabia plays an important role in India’s energy security, as is the second-largest exporter of crude oil to India after Iraq, and the fourth-largest exporter of liquefied natural gas and liquefied petroleum gas,” he said, expecting the “Climate Week” event to produce enabling factors and technologies to achieve comprehensive transformations.

According to the minister, the India-Saudi Strategic Partnership Council will create a multi-faceted and mutually beneficial strategy that includes cultural exchanges, defense and security cooperation, trade and investments, healthcare, technology, energy security and food security.

He added that the relations between Saudi Arabia and India are based on mutual respect, trust and cooperation, since independence.

“These relations gained further momentum with the visits of Prime Minister Narendra Modi to Saudi Arabia in 2016 and 2019, and the visits of Crown Prince Mohammed bin Salman, Prime Minister of Saudi Arabia, to India in 2019, where the India-Saudi Strategic Partnership Council was established, covering the entire scope of our bilateral relations,” Singh told Asharq Al-Awsat.

Economic, cultural and sports cooperation

The Indian minister went on to say that India was the second-largest trading partner for Saudi Arabia, while the Kingdom was India’s fourth-largest trading partner.

“Bilateral defense cooperation between the two countries has witnessed further progress this year, with engagements reaching their highest levels ever, demonstrating the strong interdependence and mutual trust between our two great countries,” he stated.

Singh continued: “Saudi Arabia has also become a favorite destination for Bollywood movies, while yoga and cricket are very popular in the Kingdom... The presence of more than 2.4 million strong Indian communities in the Kingdom is a living bridge between our two great countries.”

Cooperation in energy

The minister pointed out that Saudi Arabia plays an important role in his country’s energy security, being the second-largest exporter of crude oil to India, and the fourth-largest exporter of liquefied natural gas and liquefied petroleum gas.

In this context, he said that he signed with his Saudi counterpart, Minister of Energy Prince Abdulaziz bin Salman, a historic memorandum of understanding for cooperation in the fields of electrical connectivity, clean green hydrogen, and supply chains.

“This memorandum of understanding aims to establish a general framework for cooperation between the two countries in the field of electrical interconnection during peak times and emergency situations, joint development of projects, joint production of clean green hydrogen and renewable energy, as well as the establishment of safe, reliable and flexible supply chains for materials used in clean green hydrogen,” he remarked.

Renewable energy in India

According to Singh, India, with its ambitious agenda, is leading the way in the energy transition and emerging as a global leader.

“We are aware of our responsibilities as an emerging economy, and have taken important measures to shift towards a low-carbon economy without compromising our growth and development,” he said, adding: “India is committed to aligning its energy transition efforts with the common goal of limiting global temperature rise to well below 2 degrees Celsius.”

He stressed that his country has made great strides in enhancing power generation capacity from traditional fuels, establishing a unified national grid, strengthening the distribution network, encouraging renewable energy, expanding access to electricity and achieving full comprehensive household electrification, and implementing innovative policies.

Hydrogen, a pivotal source of clean energy

Raj Kumar Singh said that green hydrogen will play a crucial role in decarbonizing industrial sectors, along with renewable energy sources.

“India took the lead and recently launched the Green Hydrogen Mission with the ambitious goal of achieving 5 million metric tons of green hydrogen production annually by 2030,” he told Asharq Al-Awsat.



Russian Official to Asharq Al-Awsat: Mining Concessions Dependent on Ukraine Talks Progress

Alexander Ionov, a member of Russia’s Human Rights Council under President Vladimir Putin (Asharq Al-Awsat)
Alexander Ionov, a member of Russia’s Human Rights Council under President Vladimir Putin (Asharq Al-Awsat)
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Russian Official to Asharq Al-Awsat: Mining Concessions Dependent on Ukraine Talks Progress

Alexander Ionov, a member of Russia’s Human Rights Council under President Vladimir Putin (Asharq Al-Awsat)
Alexander Ionov, a member of Russia’s Human Rights Council under President Vladimir Putin (Asharq Al-Awsat)

Amid statements made by US President Donald Trump regarding the future of agreements brokered by Riyadh over the Russia-Ukraine crisis, a Russian official has expressed Moscow's readiness to make concessions on certain raw materials and mining activities under US negotiation.

However, the official linked these concessions to the outcomes of talks in Riyadh.

Alexander Ionov, a member of Russia’s Human Rights Council under President Vladimir Putin, revealed that the Russian side supports establishing relations with the US.

According to Ionov, Russia is willing to make concessions on certain raw materials and mining activities, but everything depends on the negotiations concerning Ukraine.

Speaking to Asharq Al-Awsat, Ionov pointed out that if progress is made in US-Russia understandings on Ukraine, and results are seen regarding the lifting of sanctions, that could potentially be the key to establishing normal, positive relations.

However, so far, Trump’s rhetoric remains purely political, with no concrete steps taken.

Regarding the potential inclusion of European Union countries in Ukraine-related negotiations at some stage, Ionov said that the negotiations are progressing, but the Ukrainian side is seeking to garner European support and set its own terms, which conflict with the views of both Russia and the US.

The White House is frustrated with Kyiv’s rhetoric, and Trump’s team is exerting significant pressure.

Ionov continued to say that everyone is waiting for the Black Sea agreement, reached by the Russian and US delegations, to come into effect.

However, it’s clear that this deal will only be effective after a ceasefire. In the meantime, Kyiv is losing territory, while Russia has liberated the Kursk region.

According to Ionov, European countries are eager to join the negotiation process, but for obvious reasons, they cannot be full participants. They support the Ukrainian scenario of autonomy, which means maintaining Ukraine’s territory as it stood in 1991.

He pointed out that leaders from many countries, especially France and the UK, have called for NATO peacekeeping forces to be deployed in Ukraine.

This is unacceptable to Russia, affirmed Ionov.

In general, we see an aggressive stance from European leaders who are willing to continue investing in this direction.

Ionov believes that US President Donald Trump wants to expedite the signing of a peace agreement on the Ukraine conflict, as he sees it as part of his election campaign.

However, the EU and Ukraine are slowing down the process, coupled with significant tensions in negotiations between the US and Russian delegations, with little progress made.

On the effectiveness of sanctions imposed on Russia, Ionov argued that Trump should find the real culprit in this whole matter, rather than threaten to impose restrictions on Russian oil.

In general, this will not have much impact on Russia’s economy, as the main consumers of Russian raw materials are not in the West, but in the East, confirmed Ionov.

Additionally, Russia has much greater influence over OPEC than the US. Saudi Arabia is actively cooperating with Russia and Venezuela on the oil market, and the US can do little about it at this point.

In reality, the Russian side supports building relations with the US, and it is willing to make concessions on certain raw materials and mining activities. But everything depends on the negotiations concerning Ukraine.

As for Saudi- Russian relations, Ionov reaffirmed that Russia engages with the Saudi people with warmth and kindness. Much work is being done at the official level, as Saudi Arabia is a key partner for Russia in the Middle East, he added.

Russian-Saudi cooperation shows a shared effort in developing the regional security framework, as well as advancing projects in humanitarian cooperation.

Ionov hoped the Kingdom will continue its efforts in developing joint energy projects with Russia and will participate in the BRICS alliance.