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.
Economic Dreams and Geopolitical Realities: How will the India-China-Russian Dynamic Unfold in Greater Central Asia?
Since the collapse of the Soviet Union, Greater Central Asia (GCA) has undertaken various efforts to reshape the political and economic landscape of Asia. This has driven a process by […]
The Belt and Road Initiative 一 带 一 路
The Belt and Road Initiative is an incredibly ambitious plan that may potentially re-shape global trade. The ‘Belt’ aims to connect Chinese trade and production to Europe through Central Asia. […]
The Ice Silk Road: Is China a “Near-Arctic-State”?
Ms. Maud Descamps explores the economic and political impact surrounding potential new trade routes that could open-up in the Arctic region given the rapid pace of melting polar ice-caps. Her […]
Managing Connectivity Conflict: EU-India Cooperation and China’s Belt and Road Initiative
Executive Summary Connectivity initiatives are the latest geopolitical tool for advancing influence in international relations and diplomacy. Against the backdrop of an emerging connectivity conflict, the responsibility is on likeminded […]
Japan’s Opaque Energy Policy toward Russia: Is Abe Being Trumped by Putin?
EXECUTIVE SUMMARY Prime Minister Shinzo Abe, with his self-proclaimed deep trust in President Vladimir Putin, has made striking a historic deal on improving Japan-Russia relations a priority. The Abe administration’s […]
Green Tech: Beyond the 19th EU-China Summit
This policy brief expands on the significant potential for better EU-China collaboration on green technology that was emphasised during the 18th EU-China Summit. Both the Horizon 2020 Framework and EU-China Research […]