Chapter VII
Asian Competition for Energy: Implications for India
The global hydrocarbon market is undergoing qualitative changes ranging from new discoveries to new markets. Technology has enhanced the volume and longevity of the reserves, and the globalizing economic regimes are opening new possibilities. With the global economic gravity shifting towards Asia,1 energy stakes are moving away from the exclusive Western domain. It is Asia that is the emerging market. However, unlike the West, Asia does not have the required finance, technology and even the energy infrastructure including the security wherewithal. Thus, Asian buyers are faced with a dialectics of engagement and disengagement with the prevailing mode. The Asian buyers need to contest ...
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