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.
Japan’s Indo-Pacific Strategy: The Link with Iran
Japan’s “Free and Open Indo-Pacific Strategy” is linked to the Persian Gulf region. Energy resources, concerns about China’s influence on the region’s energy and transit corridors, and the suitable consumption […]
India-Middle East-Europe Economic Corridor: Will It Get Subsumed by Its Grand Vision?
The recently concluded Group of Twenty (G20) Summit in New Delhi under India’s presidency was, undoubtedly, a crowning moment for India. From providing the G20 with new relevance among the […]
Amid Reports on Chinese Expansion of Bases, Sri Lanka Unveils SOP: Need for a Reality Check?
India has realized it cannot possibly balance China’s growing influence on its own, nor can it afford to have the U.S. leave the Indian Ocean Region (IOR) given China’s significant […]
Can India Rupture the Semiconductor Market?
In June 2023, India announced its decision to reopen the application process for existing and new applicants interested in setting up semiconductor fabrication plants (commonly called fabs). The process will […]
Kenya and the Indo-Pacific: The Rationale for an “Outlook” and Why Kenya (and East Africa) Matters
This issue brief argues that Kenya should carefully consider promulgating an Indo-Pacific outlook given the seismic shifts in global distributions of power and the resulting great power rivalry. The future […]
Engaging The Indo-Pacific: Some Pointers For Europe
The regional dynamics of the Indo-Pacific Region (IPR), especially maritime security-related, are distinctly different from other regions, especially Europe. There are existential sub-regional dynamics that vary across the IPR, which […]