| India is growing and so is its demand for energy. | | | | the footsteps of other key oil importing nations and |
| Carrying one-fifth of the world's population (over 1 | | | | looking for oil outside Gulf countries. The investment |
| billion precisely), India is at number 6 in the list of high | | | | by Indian firms in foreign oilfields is expected to reach |
| energy-demand countries. Indian economy is | | | | $ 3 billion in few years. Africa, specifically Nigeria and |
| estimated to grow by around 10% in next two | | | | Sudan, is of special interest. India has already signed |
| decades and the oil sector will also witness a rise in | | | | the deal and finalized the contract for petroleum's |
| demand to drive air, water and land transportation. | | | | exploration, development and production with a |
| India is at number 4 in world for wind energy | | | | company from Syria in Russia. Myanmar and Vietnam |
| generation after Germany, Spain and US. Its | | | | in Southeast Asia too are the possible suppliers to |
| monsoon winds contribute to its present power | | | | Indian market. It is expected that India would be a |
| generation. WWEA (World Wind Energy Association) | | | | major importer of LNG and natural gas in coming |
| takes India as the pioneer in Asia in the field of wind | | | | decades. The most cost-effective way to supply |
| power generation. India is now taking measures to | | | | India with gas would be through pipelines from |
| tackle the issues of energy crisis by adding 1430 MW | | | | Central Asia and Middle East, via Pakistan. But the |
| to its 4430 MW capacity. India has considerable coal | | | | two countries do not have healthy relations are not |
| reserves but oil and gas reserves are relatively less in | | | | cooperating on energy schemes, so it would not be |
| number. The oil reserves in India amount to around 6 | | | | an easy task to make this pipeline a reality. |
| billion barrels. Most of the Indian oil reserves are | | | | Bangladesh on Eastern coast may allow imports of |
| situated in offshore fields of Mumbai and Assam. | | | | small quantity of natural gas. For further information |
| Because of the stagnation phase in crude oil | | | | about Indian Energy Sector and its future growth, |
| production, India depends on imports for approx | | | | read the report " Indian Energy Sector (2005-2010)" |
| 70% of its requirement. Most of the imports are | | | | by RNCOS at: RNCOS is an industry leader in the field |
| from Middle East. The dependence of India on | | | | of online business research. We specialize in industry |
| imports is increasing rapidly. With increasing | | | | research on various business verticals. |
| dependence for oil on Persian Gulf, India is following | | | | |