Courtesy: Victor Dubreuil / Wikipedia
The GCC finds itself engulfed by a perfect storm – due to the oil price fall and the re-emergence of Iran on the world scene. While the GCC is forced to undertake politically challenging reforms and confront the regional challenge of Iran, there lies a great opportunity for India to strengthen their economic as well as security ties.
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An unspoken war has been waged between India and the U.S. at the COP21 Summit in Paris. If the West wants India to opt for more expensive energy options, then they must also reciprocate by sharing technology.
Courtesy: Pixabay
Solar power developers have offered to sell electricity in India at less than Rs 5/unit. This makes solar competitive with traditional forms of energy, and makes new nuclear power plants financially unviable. India must register the changed reality, and discard the idea of expensive Western reactors. Time to scrap the India-U.S. nuclear deal?
Courtesy: Pixabay
Even as India and Germany move ahead on energy cooperation, India-U.S. energy collaboration is stranded in the three key areas: nuclear power, shale gas, and solar energy. But with cheaper energy imports due to the fall in fossil fuel prices over the past 12 months, India can wait till it gets a better deal from the U.S.
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It is time for India to become autonomous on the energy front, even though it is, and will remain, a large importer of petroleum and coal. A combined strategy of diversification by using other forms of energy, and acquisition by buying oil fields, can help India reach this goal
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A journey which began in Istanbul in 2012 ended in triumph in Vienna in July 2014, as the P5+1 countries and Iran announced a Joint Plan of Comprehensive action that would see Iran free of all economic sanctions while upholding the right to a civil nuclear programme. While this journey, fraught with challenges, technically is over, the ratification battle in the U.S. congress commences now
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The announcement in June of a Saudi-Israeli alliance against Iran has to be seen in the context of the strategic dimensions of India’s relations with Saudi Arabia, Israel, Iran, and the U.S. And it has far-reaching implications for India’s policy towards West Asia
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A possible Iran nuclear deal means a longer window of lower oil prices. But the glut of oil supplies is already resulting in cutbacks to oil exploration and production spending, and will eventually lead to higher energy prices. Before that happens, India must use this opportunity to lock in prices
Courtesy: Wikipedia
The price of petroleum has risen by almost 40% since February 2015 because of geopolitical tensions. This spike underlines the need for India to hedge its energy imports using a mix of financial markets and asset purchases
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Canada’s nuclear energy sector has a lot to offer India—the sale of uranium, joint development of technology and best practices on regulations. Nuclear energy co-operation is also an area in which Canada and India can make substantial advancements quickly. We should not let this opportunity slip by