Shebonti Ray Dadwal

A strategic petroleum reserve offers India the leverage to be a serious player in the international oil market, as it will have the option to release supplies when prices spike and recharge the reserve when prices are low.

• Published: November 02, 2018
• IDSA Comments

The value of the Caspian energy reserve lies in its potential to add to global reserves of oil and gas, which, in turn, could bring down costs.

• Published: September 12, 2018
• IDSA Comments

Given that Iran accounts for around 10 per cent of India total oil imports, the immediate factor for New Delhi will be to look at various options to deal with the situation without jeopardising its energy security.

• Published: July 12, 2018
• IDSA Comments

President Trump’s decision to withdraw from the Iran nuclear deal has sent oil prices soaring again. Even prior to the May 8, 2018 announcement, after falling to below $30 a barrel in early 2016, oil prices were on the boil again, belying the projections of market analysts, including those of the respected International Energy Agency (IEA), that the era of $100 plus per barrel of oil was over. The projections were based on the assumption that nations would move increasingly away from oil—and coal—to meet their carbon mitigation commitments under the Paris Agreement.

• Published: July 2018
• Strategic Analysis

Despite the easing of international crude prices, the central government is unlikely to cut central excise duties since a cut of Re 1 would result in a loss of revenue of Rs. 10,725 crore.

• Published: May 30, 2018
• IDSA Comments

China’s launch of a yuan-denominated oil futures exchange will provide it with the opportunity to create an Asian crude oil benchmark and give it more clout in crude pricing and for promoting the yuan as a truly global currency.

• Published: February 22, 2018
• IDSA Comments

In 2012, the International Energy Agency (IEA) in its ‘World Energy Outlook’ said that the world was entering a ‘Golden Age of Gas’. With its lower carbon-emitting properties, gas seemed poised to claim its rightful place in the global energy mix as a bridge between polluting hydrocarbons and green renewables. Moreover, it has all the ingredients to make it as worthy a contender in the energy geopolitical game as did oil a few decades ago.

• Published: January 2018
• Strategic Analysis

India should invest in creating a competitive solar module sector across the manufacturing chain, from procuring primary resources to the finished product.

• Published: November 22, 2017
• IDSA Comments

In May 2017, some 1,200 delegates from 110 countries, including 29 visiting heads of state and government leaders, gathered in Beijing for China’s biggest diplomatic event, which was held to showcase the Belt and Road Initiative’s (BRI) achievements to date, as well as draft some new ideas. The forum also formalised the US$50 billion China–Pakistan Economic Corridor (CPEC), a flagship project of the BRI, projecting it as a game-changer for Pakistan’s economy.

• Published: September 2017
• Strategic Analysis

India’s record in wind energy development is good. But the existing technology is fast becoming outdated. Evolving technologies like kite wind should therefore be considered.

• Published: June 09, 2017
• IDSA Comments