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 […]
Snapshot of the U.S.-China Trade War
Summary • The U.S.-China Trade War is the culmination of a longstanding trade friction. Washington cites unfair Chinese trade practices and intellectual property violations, allegations that Beijing has challenged. • […]
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 […]
A Balancing Act: the 16+1 Cooperation Framework
Since 2012, the 16+1 Cooperation Framework (hereby 16+1) has been the focal point of relations between China and Central Eastern Europe (CEE). However, this initiative is marked by various asymmetries […]
Asia-Africa Growth Corridor (AAGC): An India-Japan Arch in the Making?
Summary This paper examines the prospects of the ambitious Asia-Africa Growth Corridor (AAGC) – a collaborative vision between India and Japan to promote development, connectivity, and cooperation between Africa and […]
Greater Central Asia: China, Russia or Multilateralism?
Chapter in Sustainable Land Management in Greater Central Asia, An Integrated and Regional Perspective, edited by Victor R. Squires, Lu Qi. About the book: Greater Central Asia encompasses a vast area that […]