China-India Energy Cooperation: A Perspective of Geo-politics and Geo-economics
In the process of their rise as major powers, China and India have experienced rapid economic development, with an average annual growth rate at 10 percent and 8 percent respectively over the past ten years. To sustain such a growth, their demand for energy resources will undoubtedly continue to increase. However, the stark reality is that domestic oil and gas reserves and production in China and India are very limited. At present, China’s annual domestic oil production has already reached a saturation point, with peak production estimated between 2010 and 2020. Natural gas production has entered a period of swift development, and is estimated to achieve peak production by the year of 2020. However, given the rapid growth in consumption of oil and natural gas, their indigenous resources are woefully inadequate. China and India are therefore seeking overseas energy supplies as one of the most important strategies to ensure energy security. It is estimated that by 2020, China’s dependence on foreign oil and natural gas will reach 76% and 40% respectively. Given India’s widening gap in demand and indigenous supply of oil and gas resources, its dependence on foreign oil has reached 70%, and Indian authorities have forecasted that this will reach 90% by 2030.
Enlarging Indo-Pacific into the Orbit of Euro-Atlantic: Implications for India
Abstract: Following the release of the United States’ Indo-Pacific strategy that called for building bridges between the Indo-Pacific and the Euro-Atlantic, the idea of interlinking the two geopolitical theaters has […]
EU-Taiwan Semiconductor Cooperation: Lopsided Priorities?
Abstract: The European Union (EU) seeks de facto closer cooperation on chip production with Taiwan. This was underlined during Foreign Minister Joseph Wu’s Europe Tour in 2021 and by a […]
Japan in the Indo-Pacific: Investing in Partnerships in South and Southeast Asia
Executive Summary: China’s engagement in the Southeast Asian region has been a fulcrum for change. Tokyo perceives Chinese behavior to be a threat to the rules-based order that has been […]
Quad 4.0? To Securitize or Not to Securitize
From an ad-hoc body that emerged to coordinate a response to a devastating tsunami in 2004, the Quad has grown into a critical and formalized framework with a practical agenda. […]
China’s BRI Diplomacy: What it Means to India and India’s Rise
Introduction: In the post-COVID-19 world order, particularly, amidst intensifying great power competition and changing regional and global power dynamics, infrastructural advancement has taken on new and expanded significance. However, the […]
India and the Persian Gulf: Bilateralism, Regional Security and the China Factor
Abstract: This issue brief discusses how regional security in the Persian Gulf is vital for the international oil and gas market, and maritime security in the western Indian Ocean. For […]