India Considers Northern Sea Route Potential
... Vankorneft oil and gas field and another 29.9% in the TAAS-Yuryakh Neftegazodobycha fields. They receive dividends on profits made by the operating consortium from selling oil and gas produced from the fields. The second example is the lack of investment by Indian petroleum companies in Arctic projects such as Arctic LNG 2 and Rosneft. From a long-term energy security perspective, investment appears to be logical and rational. However, this also creates a geopolitical risk due to US sanctions on the Arctic LNG 2 project and other mining related sanctions. Furthermore, there may also be other legitimate unresolved Indian concerns. For instance, due to problems with the German subsidiary of Gazprom, which refused to honor its contract,...
