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    Livemint: India’s Energy Pipeline Diplomacy Back Into Play

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Summary

India’s energy pipeline diplomacy is back into play with the National Democratic Alliance government working on simultaneous plans for constructing transnational crude oil and gas pipelines to India from Turkmenistan, Russia and Kazakhstan.

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Asia/Oceania

Livemint: India’s Energy Pipeline Diplomacy Back Into Play

India’s energy pipeline diplomacy is back into play with the National Democratic Alliance government working on simultaneous plans for constructing transnational crude oil and gas pipelines to India from Turkmenistan, Russia and Kazakhstan.

In addition, the proposed lifting of sanctions on Iran are expected to help the revival plans for a gas pipeline from Iran through Pakistan to India.

This comes in the backdrop of subdued international energy prices, with producing countries seeking buyers as their respective economies are heavily dependent on exports for revenues. A case in point is Russia, which is particularly affected due to the twin onslaught of low oil prices and Moscow facing Western sanctions for the annexation of Crimea and its support for rebels in neighbouring Ukraine. MORE