Russia's Novatek in talks with Indian companies on LNG, may consider rupees

on the supply of LNG and may consider taking payments in rupees, the company's head Leonid Mikhelson said on Monday.

He also said consumers in Europe, which have imposed sanctions on Russia over its actions in Ukraine, were interested in Russian LNG, which has not been placed under restrictions, and that no buyers under long-term contracts wanted to terminate them. Russia supplied Europe with some 17 million tonnes of LNG last year, up about 20% from 2021 volumes, Refinitiv Eikon data showed on Tuesday, mitigating the impact of a steep decline in Russian pipeline gas exports.

Europe has increased imports of seaborne LNG - gas transported in liquid form at minus 160 degrees Celsius - in response to the cut in pipeline gas supplies from Russia caused by a deep political crisis over Ukraine.

So how's the project going on

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