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.
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 […]
In Search of an EU-India-Japan Trilateral
Introduction: Even before the war in Ukraine, the European Union had been gearing toward an “increasingly competitive strategic environment” by developing its geo-political autonomy to meet Europe’s security responsibility and reduce strategic […]
Kishida in Cambodia: Seeking Regional Consensus Amid the China Threat?
Last of a two part series on Prime Minister Fumio Kishida’s travel to India and Cambodia in March 2022. This article is part of the [Asia’s Next Page] series on JAPAN […]
Kishida’s India Visit: Samaritan of the Eleventh Hour?
First of a two part series on Prime Minister Fumio Kishida’s travel to India and Cambodia in March 2022. This article is part of the [Asia’s Next Page] series on JAPAN Forward. Find […]
What Will Be the India-ROK Trajectory Post 2022 Presidential Elections?
As Moon Jae-in moves towards the end of his presidency, his legacy in the foreign policy domain consists most prominently of his administration’s New Southern Policy (NSP) Plus, which comes […]
Compatible Interests? The EU and China’s Belt and Road Initiative
Executive Summary While China and the European Union are at opposite ends of the Eurasian continent, booming trade, along with China’s rise as a global power, has made their relationship […]