3.1 - India/ China oil competition

India's need grown lots over last decade
1. High economic growth
2. Lack of energy-efficient tech
3. Reliance on heavy industry
4. Widespread cases of power stolen from the system
5. Power shortages/ blackouts in major cities
6. Growing car ownership
Oil imports account for 2/3 of India's consumption - 1/3 in China
India proven oil reserve - 5 billion barrels
1. China - 18 billion barrels
India - invested US$3.5 billion in overseas exploration between 2000 and 2005
1. China = US$40 billion
Indian policies address growing energy needs
1. In short-medium term - India have to rely on imported gas/oil
  1. Step up diplomacy with South Asia
  2. E.g. Invested in offshore gas fields in Vietnam, energy projects in Algeria, Kazakhstan, Indonesia, Venezuela, Libya, Syria
India search for energy security impeded by tense relations with energy suppliers
Need for energy security raised the possibility for future competition and confrontation in the 'energy sphere'
Oil competition around the world originated partly due to the Cold War

Resource summary

	Created by RoryFlynn2 almost 11 years ago