Peak Oil is You

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Page added on February 28, 2006

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Exciting prospects for energy security

..Our gas explorers are now straining at the end of their tether. The more pessimistic among them do not think domestic gas output can even be doubled over the next 20 years; the more optimistic hope—and pray—that output could reach 200 million scmd by 2025. Even on the most optimistic projections, India’s import dependence on gas is not likely to fall below 50%.

Therefore, India’s only hope for poverty eradication would be to ensure energy security through integration with the Asian hydrocarbons economy. And since the Asian hydrocarbons economy is an integral part of the global energy economy, any Asian regional co-operation would have to seamlessly merge into global energy co-operation.

Financial Express

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