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.
ISDP Annual Report 2023
ISDP’s Annual Report for the year 2023. We look back on 2023, a year in which tensions and conflicts captured the strategic space in ISDP’s focus areas, making headlines around […]
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 […]
Needed, a Framework to Protect Undersea Cables
In the data-driven world we live in, submarine cables are the arteries that connect nation-states and their people in literally every human activity, including trade, commerce, entertainment, and social interactions. […]
Indo-Pacific Security in 2030-35: Links in the Chain
In recent years, events like the COVID-19 pandemic and the Russia-Ukraine war have brought global supply chains squarely under the spotlight. The economic impact of these disruptive events exposed the […]
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 […]