India’s Energy Quest in Myanmar with China Problem.
India’s Energy Quest in Myanmar with China Problem.
Name: Pratik Gaikwad.
Index
1. Introduction……………………………………………... 3
2. India’s energy challenges……………………………….. 4
3. Look East policy…………………………………………. 5
4. Energy quest in Myanmar……………………..………... 6
5. Conclusion……………………………………………….. 11
6. Reference………………………………………………… 13
Introduction
Energy security becomes inevitable in a state’s foreign policy if a state has to find alternative ways to fulfill their energy requirement from external sources. Availability of energy resources in troubled state, fluctuation in price and uncertainties about free and secured flow of energy have made India and china to consider energy security as a key to foreign policy.
India is sixth in energy consumer in the world and China stands on the second place for energy consumption in the world. But India’s condition is in more desperate situation as that of china because India is currently importing roughly 75% of its oil where china is importing only 40% of its oil. Furthermore, china’s proven oil reserves stands at 18 billion barrels, compared to 5 billion barrels in India. As the energy needs of both countries continue to grow, their oil imports are set to increase substantially. Due to the size of their population and their rapid economic growth, India and China face a formidable challenge in their pursuit of energy security.
India’s Energy Challenges
India imports its oil from Middle Eastern countries and where it has to comply with the rules of market and rely on flawed and biased market mechanism which makes it volatile to fluctuations in price. Currently, Indian use about 2.6 barrels/person a year of oil equivalent compared with a world average of 13 barrels. Oil provides for more than 30 percents
Name: Pratik Gaikwad.
Index
1. Introduction……………………………………………... 3
2. India’s energy challenges……………………………….. 4
3. Look East policy…………………………………………. 5
4. Energy quest in Myanmar……………………..………... 6
5. Conclusion……………………………………………….. 11
6. Reference………………………………………………… 13
Introduction
Energy security becomes inevitable in a state’s foreign policy if a state has to find alternative ways to fulfill their energy requirement from external sources. Availability of energy resources in troubled state, fluctuation in price and uncertainties about free and secured flow of energy have made India and china to consider energy security as a key to foreign policy.
India is sixth in energy consumer in the world and China stands on the second place for energy consumption in the world. But India’s condition is in more desperate situation as that of china because India is currently importing roughly 75% of its oil where china is importing only 40% of its oil. Furthermore, china’s proven oil reserves stands at 18 billion barrels, compared to 5 billion barrels in India. As the energy needs of both countries continue to grow, their oil imports are set to increase substantially. Due to the size of their population and their rapid economic growth, India and China face a formidable challenge in their pursuit of energy security.
India’s Energy Challenges
India imports its oil from Middle Eastern countries and where it has to comply with the rules of market and rely on flawed and biased market mechanism which makes it volatile to fluctuations in price. Currently, Indian use about 2.6 barrels/person a year of oil equivalent compared with a world average of 13 barrels. Oil provides for more than 30 percents