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ONGC’s purchase of a 15% stake in Russia’s Vankorneft presents the road ahead for India – by acquiring oil and gas fields today, India has a chance to lock in the price of imported energy at the current low level for the long run.
Courtesy: Amit Dave (Reuters)
Conjecture about a Rosneft-Essar deal shows how the oil market dynamics have shifted in the past few years. Just as supply security is important to oil buyers, demand security is crucial for oil suppliers. Buying refining and marketing assets in big markets like India is the route to demand security for Russia, whose economy depends on petroleum exports.
Courtesy: MEA India
The French media’s reportage of Modi’s recent visit to France was limited but significant, and inevitably a lot of it was about the Rafale deal. Various other issues were covered, including the nuclear reactor project in Jaitapur. Some newspapers recommended that France must heavily invest in India, while some expressed concerns, but on the whole the coverage has generated enthusiasm
Courtesy: Alamy
UK may be on its way to becoming a petro state, again, on back of an oil discovery that may be a whopping 100 billion barrels. The world is awash with cheap energy, and Indian companies need to seize the opportunity to acquire upstream energy assets.
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The France-India relationship must not be overshadowed by the Rafale deal. Modi’s visit can be the opportunity to add fresh energy in the economic relationship by harnessing economic complementarities.
Courtesy: Getty Images
The killings earlier this month in Copenhagen—manifestations of anti-free speech and anti-Jewish sentiments—were tragic and condemnable. Events such as these can only begin to be understood—not justified—within the growing contradictions of Scandinavian society
Courtesy: Charlie Hebdo
2015 has begun on a sombre note as France suffered the worst terror attack in the country's history, and India saw protests by right-wing conservative groups against the screening of the film-PK. Both instances show an increasing intolerance against the questioning of established religions
Courtesy: MEA/Government of India
The India-Russia nuclear agreement envisages 12 nuclear reactors to be built in India. These will help India shift its energy mix towards nuclear power, which is cheaper than coal and less polluting
Courtesy: nasa.gov
Space exploration may take a hit as terrestrial politics plays spoilsport with the U.S. government spearheading a sanctions programme against Russia. With China pursuing an independent space programme of its own, Russia’s departure from the effort may mark the beginning of a divided space once again after the Cold War
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A rare opportunity to visit the North Atlantic Treaty Organization headquarters in Brussels provides a good opportunity to assess the organisation’s functioning. Interactions with its officials brought out the challenges the alliance faces, and its constant efforts to remain relevant in Europe’s security landscape