Energy Security

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  • SAARC Energy Agreement: A step in the right direction

    SAARC Energy Agreement: A step in the right direction

    Signing of the SAARC agreement is merely the first step in the process of regional energy cooperation. To make this initiative work, governments in the region need to synchronise their efforts on a range of technical, institutional and political issues.

    January 05, 2015

    Time for India to Look At Energy Security from Geostrategic Perspective

    Time for India to Look At Energy Security from Geostrategic Perspective

    Is India now looking at energy through the strategic prism? Its recent signing of the TAPI deal is certainly indicative of that.

    December 05, 2014

    Iraq crisis: Lessons for India

    Given India’s vulnerability to a rise in global crude oil prices as a result of its 75-80 per cent of its crude import dependency, the Iraq crisis could widen its current account deficit, while putting pressure on exchange rate, impeding government’s fiscal consolidation goal and putting off any nudge on interest rates by the Reserve Bank of India.

    July 16, 2014

    New Directions in Iranian Foreign Policy: Impact on Global Energy Security

    After the June 2013 election when Hassan Rouhani became president of Iran, Iranian foreign policy changed course. The fundamental transformation is the result of his decision to open up a fresh dialogue with the United States and other Great Powers to resolve the nuclear stand-off that would end the country’s isolation, lift the biting US-led sanctions and allow Iran to open a new chapter in its economic policy and international diplomacy.

    Why is Japan important to India’s energy security?

    India is trying to deal with its domestic energy concerns through various measures including reforming its New Exploration and Licensing Policy (NELP), intensifying its efforts in developing domestic unconventional energy resources and diversifying its crude imports. In this regard Japan’s support holds special importance.

    April 01, 2014

    The Geopolitics of America's Energy Independence: Implications for China, India and the Global Energy Market

    The Geopolitics of America's Energy Independence: Implications for China, India and the Global Energy Market

    The US' claim that it will become energy independent shortly on the back of the revolution in its shale resources technology has been followed by Washington's announcement of its 'rebalancing to Asia' policy. This monograph looks at the sustainability of the shale revolution, and whether the US' claims are indeed justified and the geopolitical consequences and strategic implications thereof on the global energy scenario.

    2013

    Will Turkey be the new hub for gas?

    Turkey’s natural gas reserves are 218 bcf and its production is roughly 27 bcf. It relies heavily on imports to meet its domestic demand. Additionally, Turkey positions itself as a gas transit hub – importing from Russia, Azerbaijan, Turkmenistan and Iran and re-exporting some of it to Europe.

    November 06, 2013

    The Great Gas Game over Syria

    New energy find in West Asia will set forth new political equations. Syria alone has discovered huge proven gas, oil and shale reserves. Whether the Assad regime survives or a change of regime happens there would determine the global gas system in a large way.

    September 09, 2013

    The Iran-Pakistan Pipeline: Pressler 2.0?

    The Pakistanis are playing a high-stakes gamble, one in which they think the odds are stacked in their favour in a way that while they stand to gain a lot even if things don’t quite work in the way they imagine they won’t end up losing too much.

    March 12, 2013

    Amol asked: Has India neglected Brunei which can be a partner in India's energy security among ASEAN countries?

    Rahul Mishra replies: Ever since the inception of Look East Policy, India has strived to seek a balance in terms of multilateral and bilateral engagement with countries of the Southeast Asian region. Even in terms of implementing the Look East Policy, no country has been given priority over the other.

    As far as ties with Brunei is concerned, regular visits by the leaders from both the sides, including the May 2008 visit of the Sultan of Brunei Darussalam, Hassanal Bolkiah, to New Delhi and Prime Minister Manmohan Singh’s meeting with the Sultan on the sidelines of the 10th ASEAN-India Summit in Cambodia in November 2012, testify the warmth in bilateral ties. Prior to the 10th ASEAN-India Summit, the then Indian Foreign Minister S.M. Krishna had visited the country in October 2012. One of the objectives of his visit was to explore the possibilities of a long-term LNG supply from Brunei, which was also the country coordinator for India in the ASEAN in 2012.

    The India-Brunei energy cooperation is going smoothly and the two countries are exploring the possibility of further cooperation in this regard. In fact, the energy sector holds lion’s share in the India-Brunei trade. Out of the total US $500 million trade, energy sector contributes about US $400 million. However, India and Brunei are also mulling over the possibility of diversifying and increasing the share of other trading goods, which includes joint venture investments in hotel industry and infrastructure development. Brunei is particularly interested in investing in the Indian hotel industry, which is open to 100 per cent foreign direct investment.

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