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.
- Shebonti Ray Dadwal
- December 05, 2014
Is India now looking at energy through the strategic prism? Its recent signing of the TAPI deal is certainly indicative of that.
As global warming and melting of the ice is making the Arctic increasingly accessible, the region’s hydrocarbon riches are attracting international interest. Thus far, despite the presence of vast untapped energy and mineral resources, the Arctic is not considered a geopolitical hotspot. In fact, many of the Arctic states have dismissed the possibility of conflict over the region’s spoils due to the collaborative governance model that has been established.
The possible lifting of the sanctions on Iran will lead to a rush for a share of the lucrative Iranian energy pie similar to Myanmar’s opening up last year. India cannot afford to be left behind.
With water concerns growing increasingly urgent, the global community will benefit from a treatment of the lessons learned and best practices in water dispute resolutions and approaches to water management. This report discusses the outcome of a working group of water experts from the Near East and South Asia (NESA) region,1 set up by the Strategic Studies Network, National Defense University, Washington DC.
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.
This article describes India’s energy situation in the midst of current economic and geopolitical challenges while highlighting some of the key issues pertaining to India’s natural gas infrastructure.
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.
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.
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.
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.