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IAGS is not beholden to any industry or political group. We depend on you for support. All contributions are tax deductible to the full extent allowed by law. India's energy security challenge Like ChinaIndia is a growing giant facing the critical challenge of meeting a rapidly increasing demand for energy.
With over a billion people, a fifth of the world population, India ranks sixth in the world in terms of energy demand. While India has significant reserves of coalit is relatively poor in oil and gas resources.
Its oil reserves amount to 5. The majority of India's oil reserves are located in fields offshore Bombay and onshore in Assam. Its dependence is growing rapidly. Additionally, India recently finalized a contract in Syria for the exploration, development and production of petroleum with a Syrian company.
But the most attractive oil domain outside the Persian Gulf is the Caspian Basin where India is trying to befriend the region's leaders and, if possible, gain a foothold. India is also pursuing relations with KazakhstanAzerbaijan and Iran.
India policy of source diversification has problematic implications. First, many of the countries with which India is dealing are known for severe violations of human rights, sponsorship of terrorist activities, and general misuse of oil revenues.
Further enrichment of oil supplying countries like Sudan, Syria and Iran is not in the interest of India, a country which itself is a prime target of Islamist terrorism. Second, the exploration of overseas oilfields, especially in the area of the South China Sea, could bring India in direct competition with fellow Asian countries like China and Malaysia.
Most importantly, this policy contributes to accelerating global depletion of non-Middle East oil reserves, and will lead India and the rest of the world to a point in which dependence on the region would be far stronger. In addition to its struggle to secure supply, India is becoming increasingly aware of the fact that its economy is highly vulnerable to supply disruptions.
Till recently, India did not have an energy security policy or contingency plans to fall back on in case of crisis. Nor is it a member of any organization like the International Energy Agency, which was born in the aftermath of the oil crisis to protect members from any future disruptions in the energy market.
To minimize the impact of global fluctuations, India is building a strategic crude oil reserve facility on its southern and eastern coasts. Other policies implemented by the government are: Shift to natural gas and LNG: India will be a major importer of natural gas and LNG over the next few decades.
The cheapest way to supply India with gas would be through pipelines from Central Asia and the Middle East, through Pakistan, but due to tense relations with Pakistan the two countries have not been cooperating on energy schemes and such pipelines are politically infeasible.
On the eastern coast, imports of small amount of natural gas from Bangladesh may be feasible.5 energy problems confronting India. 0 0 0 0. by Sean Durns issues with obtaining natural gas from other countries, and its own falling production, satisfying natural gas needs is one of India’s the most urgent challenges.
and energy security. Related Articles. How politicians are hurting tech in India. Kazakhstan showing signs of. Indias security concerns in the Indian Ocean demand the pursuit of a long-term maritime policy in close strategic co-operation with major powers such as the United States, Japan and Australia, and its .
Oct 07, · The wider implication is that India’s energy problems will require solutions tailored to the country’s history, its technology and economy, and its place in the world.
The solar bubbleAuthor: Richard Martin. India is the third largest energy consumer in the world, and most of its demand is met through imports. Coal and oil form the bulk if India's energy basket, but there is a strong effort to facilitate a transition to a gas-based economy. This special edition of Inside: India's Big Gas Push examines the significance of this development, and its implications for the future of India's energy security.
India’s shifting role in Middle East affairs. power that steers clear of security issues and focuses on exporting labour and importing oil. avoid Beijing having leverage over its energy. It also concerns the peace, stability and security of the entire Indian Ocean region, and its enhanced capacity to become the first responder in the region holds severe implications for India’s leadership in South Asia.
Rogun Dam promises energy security for Central Asia.