Politics and International Relations
After the collapse of the USSR the development of the Indian-Russian strategic partnership has remained a fundamental pillar of India's foreign policy. In 2000 it was signed "Declaration on India-Russia Strategic Partnership". So, India and Russia are natural strategic partners that are aimed at enlarging their political, economic, humanitarian relations. One of the today's key sphere is the energy cooperation that has gone through both positive and negative phases. However, in the 2000s Indian-Russian energy partnership has been enjoying a renaissance. India's population and economy are growing rapidly that is why the total demand for electrical power in India will increase a 3,5-fold by 2020, coal demand will double as well as oil / gas demand is about to triple by 2030. In 2010 Russia and India signed two agreements on nuclear electrical power industry. According to Strategic Vision for Strengthening Cooperation in Peaceful Uses of Atomic Energy between India and Russia, power units of Russian design should be built in India by 2020.
The Kundankulam Nuclear Power Plant of Russia's Rosatom in India's Tamilnad is one of the hugest mutual energy projects. The Indian-Russian energy interaction is focused mostly on nuclear energy and oil investments. The Indian government is concerned to deepen its energy cooperation with Russia, therefore, Indian oil and gas companies are contributing to such projects as Sakhalin-1 Project (India's ONGC Videsh Limited), Imperial Energy (India's ONGC Videsh Limited), Vankorneft (ONGC Videsh Limited, Oil India, Indian Oil, Bharat PetroResources) etc. Thus, due to the growing oil and gas demand in India, new energy projects within the framework of China's Initiative "One Belt - One Road", renewable energy and eco-friendly projects, the Indian government is going to maintain close ties on energy cooperation with Russia, as one of the major and reliable global producers and exporters of oil and natural gas.