India Considers Northern Sea Route Potential

... population that lives within 50 kilometers of an over 5700 km coastline. The other factor contributing to India’s interest in the NSR is energy security. India imports 87% of its oil and over 45% of its gas. India not only seeks stable and economical energy supplies but also strives to diversify them. This is also important to avoid undue dependence on one country and one shipping route. Indian petroleum companies have significant investments in Siberia and Sakhalin, so the Arctic is also a promising option. However, India is weighing all its options carefully. India has also realized the criticality of long-term contracts and the need to negotiate to achieve India's energy security needs. How is Russia-India cooperation ...