Courtesy: President of Russia-Events website
Europe has reduced its reliance on Russian gas following the war in Ukraine, and its chief supplier Russia is mired in western sanctions. What does it mean for Russia? It has certainly changed the fortunes for American gas to be sold to Europe: as of 2023, the US had become the world’s top exporter of gas.
Courtesy: Bloomberg
Bangladesh faces an energy crisis due to increasing prices, depleting foreign exchange reserves and political instability. Amit Bhandari, Senior Fellow, Energy, Investment and Connectivity, Gateway House, speaks with Rayhan Rashid on an episode of the South Asia Democratic Forum’s podcast on challenges affecting Bangladesh’s energy sector and potential solutions such as diversification of energy sources, a shift toward low-carbon energy production, and regional integration.
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On October 31, Adani Power halved the electricity supply to Bangladesh, owing to outstanding dues. Bangladesh’s already weak economy has become worse under the new regime, with the country running short of funds to pay for imports of fuel and electricity.
Courtesy: Getty Images
Sanctions against Russian energy, high cost fuel, heat waves and droughts all at once have raised the price of daily energy use to unprecedented levels and plunged large parts of the world into darkness.
Courtesy: Gateway House
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
Courtesy: PMO
Indian Prime Minister Manmohan Singh’s visit to Dhaka was, by and large, a success; but poor internal coordination hampered the greater possibilities of the visit. India and Bangladesh can now explore new prospects, on maritime issues, oil and gas and environmental concerns in the Sundarbans.
Courtesy: Rex/WikimediaCommons
While the fractious Indo-Bangladesh relationship has made progress over the past few months, both sides must engage in environmental diplomacy in the vulnerable Sundarbans region to ensure bilateral prosperity.