Given continuing uncertainties with regard to supplies, Energy Security has emerged as a matter of priority and concern for India. Acquisition of energy assets overseas and diversification of oil and gas supply base therefore, assumes greater importance. Though traditionally India is dependent on Middle East for its petroleum supply however this region is volatile which compels India to diversify its sources of supply and adopt a go out strategy for equity oil and gas. Africa which has 132.1 thousand million barrels of oil (9.5% of the total world) and 15 trillion cubic metres of gas (about 8% of the total world) is an obvious destination for Indian oil and gas companies to acquire energy sources. 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. It is in this background that CII has done a study on “India’s Energy Engagement in Africa: Challenges and Opportunities” to formulate appropriate strategies for acquiring energy assets and securing long term energy supply in Africa.
Further queries on the aforesaid study may be directed to:
Dr Bhupendra Kumar Singh
Director and Head - Energy Security
Confederation of Indian Industry
Core 4 A, 4th Floor, India Habitat Centre
Lodi Road, New Delhi-110003
Phone: +91-11-41220036 (D); 24682230-35, Extn :305
Fax: +91-11-24682226
Email Id: bhupendra.singh@cii.in
Mob: +91-9968475113