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