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1. Unfinished Connectivity in the Bay of Bengal

Author:
Amit Bhandari, Sagnik Chakraborty, Naren Punjabi, and Gitanjoli Dasgupta
Publication Date:
10-2021
Content Type:
Special Report
Institution:
Gateway House: Indian Council on Global Relations
Abstract:
The Bay of Bengal is a bridge between the Indo-Pacific and the Indian Ocean, and with a population of 1.4 billion, an increasingly important economic zone in its own right. India has been slow to build regional connectivity. The space has been filled by China's Belt and Road Initiative projects, which have not always been beneficial for host countries. The region may be better off pursuing digital connectivity by enabling tech startups – areas of India’s strength. This research uses maps to explore the potential for energy, transport, and financial connectivity across the Bay of Bengal.
Topic:
Energy Policy, Science and Technology, Infrastructure, Regional Integration, Belt and Road Initiative (BRI), and Transportation
Political Geography:
China, South Asia, India, Indian Ocean, Indo-Pacific, and Bay of Bengal

2. India-Canada energy cooperation

Author:
Amit Bhandari
Publication Date:
07-2020
Content Type:
Working Paper
Institution:
Gateway House: Indian Council on Global Relations
Abstract:
Canada has been one of the biggest success stories in oil over the past few years. India should consider financial investments in Canadian energy assets as a means to secure its energy supplies. This paper studies the feasibility and prospects for Indian investment in Canada's petroleum sector.
Topic:
Energy Policy, International Cooperation, Oil, and Investment
Political Geography:
South Asia, Canada, India, and North America

3. Sustainable Energy through Green bonds in India

Author:
Olaf Weber and Vasundhara Saravade
Publication Date:
07-2020
Content Type:
Working Paper
Institution:
Gateway House: Indian Council on Global Relations
Abstract:
India’s energy future needs to be low-carbon, climate-resilient and protected against price fluctuation. It can meet these needs by investing in Canadian oil companies, given the country’s political stability and rule of law. India can also attract greater foreign direct investment at home through the issuance of green bonds, a climate finance debt instrument that addresses environmental and climate-related challenges. This paper explores the regulatory perspective of the green bond market.
Topic:
Climate Change, Energy Policy, Foreign Direct Investment, Rule of Law, and Renewable Energy
Political Geography:
South Asia, Canada, India, and North America

4. India’s energy investments: A fresh approach

Author:
Amit Bhandari
Publication Date:
12-2020
Content Type:
Working Paper
Institution:
Gateway House: Indian Council on Global Relations
Abstract:
Oil is the single largest item in India’s import bill as India relies on imports for over 80% of its oil requirement. The annual import of 1.6 billion barrels of crude oil makes India vulnerable to sharp spikes in energy prices. With limited domestic reserves, India has tried to reduce its vulnerability by investing in oil and gas fields overseas. State-owned oil companies have over 50 overseas investments spread across South America, Africa, West Asia and the former-Soviet Union, all of which have large oil reserves. Investments must be made where the oil is, and often, these tend to be volatile regions. Political volatility in some places like Venezuela, Iran and Sudan/South-Sudan, for example, has led to trouble for a few of India’s investments. The purpose of investing as protection against price fluctuations gets defeated when geopolitical or other unrest leads to oil production reduction.
Topic:
Energy Policy, Oil, Sovereign Wealth Funds, and Investment
Political Geography:
South Asia, Canada, India, Australia, and United States of America

5. Petro Dollar. Petro Yuan. Petro Rupee?

Author:
Amit Bhandari
Publication Date:
08-2019
Content Type:
Working Paper
Institution:
Gateway House: Indian Council on Global Relations
Abstract:
Over the last two decades, every component of the global energy scenario has changed: demand, supply and energy-type. The only constant has been the U.S. Dollar as the currency of energy trade. Lately, the Chinese Yuan has emerged to challenge the Dollar. Can the Indian Rupee be a third player? India is now the world’s third-largest consumer and second-largest importer of energy. Its open market, transparent regulation and growing demand give it an opportunity to become the hub of a vibrant new oil market, simultaneously ensuring its energy security and raising the international profile of the Rupee. This paper explores the possibility the Rupee could be the third currency in which energy is traded, and the challenges and opportunities it presents.
Topic:
Security, Energy Policy, Markets, Oil, Currency, and Trade
Political Geography:
China, South Asia, India, Asia, North America, and United States of America

6. Turkmenistan-Afghanistan-Pakistan-India Pipeline Possibility or Pipe Dream?

Author:
Gateway House
Publication Date:
11-2011
Content Type:
Special Report
Institution:
Gateway House: Indian Council on Global Relations
Abstract:
Oil was the fuel of the 20th century. But depleting sources, volatility of prices and environmental concerns have made it imperative to look for alternate fuels. Natural gas provides one such solution for these concerns. Natural gas has a lower environmental impact than oil, emitting 30% less carbon dioxide, is generally priced at a fraction of the price of crude, and given its suitability as a substitute for oil in industries, makes it an attractive alternative to oil. Natural gas emits 45% less carbon dioxide than coal, making it an equally attractive substitute to iti. With the rapid depletion of most fuel sources, the need to tap into existing and unexplored natural gas reserves has become central to the energy debate. In order to secure a constant source of supply of natural gas to India, the Government of India is looking into the ambitious Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline. This will be an addition to the existing domestic production and LNG (Liquefied Natural Gas) imports. This project has been in the pipeline for the last 15 years though India signed on to it in early 2008. Since this pipeline passes through Afghanistan and Pakistan, both restive regions, security concerns have triggered wide debate on its viability. This paper briefly looks at the position of natural gas in the world vis-à-vis other fuels. The paper also elaborates on the economics and politics of the TAPI pipeline to conclude that this will remain a very tempting but unfortunately, a ‘Forever Project’ where discussions can go on for years without any concrete results. The paper advocates caution given the tumultuous times prevalent in Afghanistan and Pakistan and lists alternate options and possible courses of action for India.
Topic:
Security, Energy Policy, Oil, Gas, Volatility, and Energy Crisis
Political Geography:
Pakistan, Afghanistan, South Asia, India, and Turkmenistan

7. Turkmenistan-Afghanistan-Pakistan-India Pipeline Possibility or Pipe Dream?

Author:
Madhura Joshi
Publication Date:
11-2011
Content Type:
Special Report
Institution:
Gateway House: Indian Council on Global Relations
Abstract:
Oil was the fuel of the 20th century. But depleting sources, volatility of prices and environmental concerns have made it imperative to look for alternate fuels. Natural gas provides one such solution for these concerns. Natural gas has a lower environmental impact than oil, emitting 30% less carbon dioxide, is generally priced at a fraction of the price of crude, and given its suitability as a substitute for oil in industries, makes it an attractive alternative to oil. Natural gas emits 45% less carbon dioxide than coal, making it an equally attractive substitute to iti. With the rapid depletion of most fuel sources, the need to tap into existing and unexplored natural gas reserves has become central to the energy debate. In order to secure a constant source of supply of natural gas to India, the Government of India is looking into the ambitious Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline. This will be an addition to the existing domestic production and LNG (Liquefied Natural Gas) imports. This project has been in the pipeline for the last 15 years though India signed on to it in early 2008. Since this pipeline passes through Afghanistan and Pakistan, both restive regions, security concerns have triggered wide debate on its viability. This paper briefly looks at the position of natural gas in the world vis-à-vis other fuels. The paper also elaborates on the economics and politics of the TAPI pipeline to conclude that this will remain a very tempting but unfortunately, a ‘Forever Project’ where discussions can go on for years without any concrete results. The paper advocates caution given the tumultuous times prevalent in Afghanistan and Pakistan and lists alternate options and possible courses of action for India.
Topic:
Security, Energy Policy, Gas, and Pipeline
Political Geography:
Pakistan, Afghanistan, South Asia, Central Asia, India, and Turkmenistan