Given continuing uncertainties with regard to supplies, Energy Security has emerged as a matter of priority and concern for India. India’s Energy Security, at the broadest level, is primarily about ensuring the continuous availability of commercial energy at competitive prices to support economic growth and meet our energy needs with safe, clean and convenient forms of energy. Acquisition of energy assets overseas and diversification of oil and gas supply base therefore, assumes greater importance.
India has to develop in an energy constrained world and has to compete for global energy resources with many other developing and developed countries. In order to succeed in the endgame of winning international energy assets, India needs to engage energy rich countries in a very strategic manner backed by its energy diplomacy and foreign policy.
While India has off late been successful in acquiring major energy assets overseas, it has been perceived that India urgently requires a value added strategic competitive road map towards acquisition of overseas energy assets. It is in this background that CII has done a study on “Energy Assets Acquisition: A Comparative Analysis of India and China Policy”. We have come out with some comprehensive recommendations in this study towards enhancing India’s overseas energy assets acquisition, which we are hopeful would be considered by all the important policy stakeholders.
This study will bridge the knowledge gap of India and China’s overseas energy acquisition policy. It will enhance Indian oil & gas companies’ success rate of energy assets acquisition. It will also help other Indian Industries like Power, Coal and Infrastructure to formulate a strategy to exploit business opportunities in the overseas Energy Sector. It could be a ready reference for the government and non government stakeholders to formulate overseas energy acquisition policy.