India and the Changing Geopolitics of Oil

The global energy landscape has shifted in the past 20 years, with oil demand in the East, particularly in Asia, growing. India, once a marginal player, is now a significant oil importer and provides demand security for exporters. This book examines India's oil and gas trade, the changing patterns of demand and supply, and the growing market for natural gas, renewable energy, biofuel, and alternative sources of energy. It also discusses issues such as geographic shifts, international relations, energy security, and competition with China for oil assets. The book is topical and comprehensive, useful for scholars, researchers, policymakers, diplomats, and professionals in international relations, geopolitics, foreign policy, security, and strategic studies, energy studies, West Asia studies, South Asian studies, and international trade.

Format: Hardback
Length: 94 pages
Publication date: 25 October 2021
Publisher: Taylor & Francis Ltd

The global energy landscape has undergone a remarkable transformation in the past two decades. Once dominated by Western oil demand, the dynamics are shifting towards the East, particularly towards Asia. This shift is driven by the emergence of new oil supplies from North America, challenging the traditional dominance of oil exporters from West Asia and Africa.

India, once a marginal player in the world oil market, has emerged as a valued customer, providing demand security for oil exporters. This book, authored by experts in the field, delves into India's oil and gas trade, making it the world's third-largest importer of oil after China and the United States. It explores the changing patterns of oil demand and supply, as well as the growing market for natural gas, renewable energy, biofuel, and alternative sources of energy.

Furthermore, the volume discusses a range of issues that impact India's position in the global energy economy, including:

Geographic shifts in energy production and trade: As oil reserves in the Middle East decline, countries like the United States and Canada are becoming major producers, while countries in Asia, such as China and India, are increasing their energy consumption.

International relations and economic sanctions: The oil trade is heavily influenced by international relations, and economic sanctions can have a significant impact on oil supply and prices.

India's quest for energy security: With a rapidly growing economy, India is seeking to secure its energy supply by diversifying its sources and exploring new energy options.

Contest with China for oil assets: China has been aggressively pursuing oil and gas resources in the Middle East and Africa, leading to competition with India for these resources.

Building new partnerships and investing in stable oil-rich countries: India is establishing partnerships with oil-rich countries like the United States and Canada to secure its energy supply and diversify its portfolio.

Using market mechanisms to ensure energy security: India is exploring market mechanisms, such as hedging and futures contracts, to manage its energy risks and ensure stability in the energy market.

The Gateway House Guide to India in the 2020s series is a comprehensive and topical book that will be of interest to 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 valuable to policymakers, diplomats, career bureaucrats, and professionals working with think tanks, academia, multilateral agencies, media agencies, and businesses.

In conclusion, the global energy scenario has undergone a significant transformation in the past two decades, with oil demand shifting towards the East, particularly to Asia. India, once a marginal player, has emerged as a valued customer, providing demand security for oil exporters. This book offers valuable insights into India's oil and gas trade, the changing patterns of oil demand and supply, and the challenges and opportunities facing India in the global energy economy. It is a must-read for scholars, researchers, policymakers, and professionals interested in understanding India's role in the world's energy landscape.

Weight: 252g
Dimension: 223 x 144 x 13 (mm)
ISBN-13: 9780367640033