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.
Kishida’s New Era Realism in National Security and India Diplomacy
The Ukraine war and double threat from China and North Korea in Japan’s backyard have pushed Tokyo to update national security plans and step up India ties. On December 16, […]
Seoul’s Geopolitical Code on Quad: Imperative or Elective?
Abstract: Under the new government helmed by President Yoon Suk-yeol, South Korea (ROK) has displayed a clear tilt toward and a more open embrace of the Indo- Pacific concept. Interestingly, […]
Renewable Energy and Climate Action: The Future of Japan and Sweden Cooperation
This joint publication of the Institute for Security and Development Policy (ISDP) and Kajima Institute of International Peace (KIIP) in Tokyo covers a solution-oriented approach to Climate Challenges that both […]
Enlarging Indo-Pacific into the Orbit of Euro-Atlantic: Implications for India
Abstract: Following the release of the United States’ Indo-Pacific strategy that called for building bridges between the Indo-Pacific and the Euro-Atlantic, the idea of interlinking the two geopolitical theaters has […]
Post-Abe India-Japan Ties: Does Kishida Have What it Takes?
Introduction: Two Japan-India summit meetings between prime ministers Kishida Fumio and Narendra Modi in 2022 underscore their accelerating Special Strategic and Global Partnership. This partnership is based on the shared values of freedom, […]
Belt and Road Initiative: China’s Lending Hands Come with Claws
Abstract: With the economic crisis unfolding in Sri Lanka, there is a renewed interest in better understanding and analyzing the Belt and Road Initiative to prevent nations from both falling […]