The global energy scenario has transformed in the past 20 years.
Oil demand, earlier driven by the West, is now shifting to the
East, more specifically to Asia. New oil supplies from North
America have challenged the hegemony of the traditional oil
exporters from West Asia and Africa. India, once a marginal player
in the world oil market, is now a valued customer providing demand
security for oil exporters. This book systematically examines
India's oil and gas trade, which makes it the world's third largest
importer of oil after China and the US. It explores the changing
patterns of oil demand and supply, and the growing market for
natural gas, renewable energy, biofuel, and alternative sources of
energy. Further, the volume discusses a range of issues that affect
India's position in the global energy econom,y such as The
geographic shifts in energy production and trade; international
relations and economic sanctions that affect the oil trade; India's
quest for energy security; and contest with China for oil assets;
Building new partnerships, and investing in stable, oil-rich
countries like the US and Canada, while keeping up existing energy
relations with Saudi Arabia, the UAE and Kuwait; Using market
mechanisms to ensure energy security. Topical and comprehensive,
this book in The Gateway House Guide to India in the 2020s series
will be useful for scholars and researchers of international
relations, geopolitics, foreign policy, security and strategic
studies, energy studies, West Asia studies, South Asian studies,
and international trade. It will also be of interest to
policymakers, diplomats, career bureaucrats, and professionals
working with think tanks, academia and multilateral agencies, media
agencies, and businesses.
General
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