INDIA’S ENERGY GEO-POLITICS IN AFRICA

Abstract

For an energy deficit country like India whose energy needs is growing rapidly, the import of different types of energy from various sources is a prerequisite to maintain the high growth rate of economy. In this era of globalization, the geo-politics of the world is seldom constant even for a short period of time. Oil & Gas constitute nearly 37% share of India’s energy basket. India imports 76% and 24 % of her total oil and gas need. In this context it is estimated that India’s oil import will reach by 90% in 2030. India is turning no stone unturned to fulfill her energy aspirations. India for this matter depends heavily on Middle-east and trade with Africa is yet to blossom to its full potential. There is a need to step up for new trade and diplomatic engagements. India-Africa Hydrocarbon conferences are the right step of the Indian government to push for energy agreements between hydrocarbon companies of India and Africa. The authors have used secondary data from this research article. As the numbers of African nations that have struck oil or gas have increased from seven in 1990 to 25 in 2015, it makes more imperative for India to engage herself with Africa. The deceased price of oil provides an opportunity for greater engagement in oil and gas sector with African nations.