The Coronavirus pandemic has caused crude oil prices to crash almost 40% even as Saudi Arabia and Russia pump more oil into the market. Fears are rife that this crisis will hit demand. There are repercussions on the U.S., the world’s top oil producer, on India, one of its new clients, and on the Gulf Cooperation Council countries
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The United Nations’ Paris Agreement of 2015 had nations committing to reduce emissions of greenhouse gases to slow the rise in global temperatures. But terrestrial geoengineering – or the use of “carbon capture” technologies and developing carbon sinks to remove gases already in the atmosphere – and atmospheric climate engineering are technologies which also seek to slow global warming
India and Russia need to invest more in each other’s energy sectors. This will help both countries to secure their energy markets, while protecting India against high energy prices and enabling Russia to hedge against low energy prices. Such investments also can help both countries bypass sanctions on key military hardware suppliers based in Russia.
India is the second largest emitter of methane in the world. But methane-cracking has enormous economic potential. It can help India become a high-technology manufacturing powerhouse by producing a steady supply of methane-derived, advanced carbon materials and hydrogen-energized transportation
The main objective of the Shanghai Cooperation Organisation’s (SCO) Energy Club, when Russia formed it, was to market its member states’ substantial oil and natural gas reserves. This map shows some of the important natural gas pipelines, originating from Russia and its neighbouring countries that are not members of the SCO. What can India do to secure supplies from these abundant but currently inaccessible natural gas reserves?
India may end up being the unintended victim of renewed U.S. sanctions on Iran. It will push up the price of oil and cost India billions of dollars annually
The removal of 11 top ministers in the Riyadh government last week by the young crown prince Mohammad bin Salman, is a geopolitical upheaval, the implications are serious. Domestically, the kingdom is seeking to liberalise its conservative society and move away from oil-dependency – evident from the expected listing of its crown jewel Aramco. For India, which imports oil largely from West Asia, instability could cause a spike in prices, leaving less for its ambitious reforms. Globally, there is now space for new alignments – in the Great Power plays, in the Shia-Sunni rivalry, and in the war on terrorism.
In a policy brief for the Russian International Affairs Council, Vasily Shikin and Amit Bhandari examine the existing energy partnership between India-Russia, evaluate the potential of new collaboration formats, and develop specific recommendations for enhancing cooperation.
Trends in technology, geopolitics and geoeconomics have dramatically transformed the global energy scenario in the last two years. This means favourable conditions for import-dependent India, which must use the opportunities available to reduce its vulnerability to high energy prices. The jump in oil prices past the $60 mark suggests that India must act with alacrity. India’s Energy Footprint Map offers a profile of India’s global trade and investment in energy, and indicates what India can do to access cheap and reliable supplies
India’s gas consumption is lower than the EU’s, but it too, like the EU, relies heavily on imports. With LNG likely to remain a key part of India’s gas supplies in the future, and given recent changes in the global market, what is the future potential of LNG imports for the EU and India? What are the best energy policies for the two regions?