By Sreemati Ganguli
February 5th, 2016, The CACI Analyst
The recent ground-breaking ceremony of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline, was followed by several Indo-Russian Memoranda of Understanding (MoUs) on energy during the 16th annual Indo-Russian Summit in Moscow in December 2015. These events add to Rosneft’s decisions in 2014 to buy a 49 percent share in Essar Oil in mid-2015 and to cooperate with OVL, both Indians companies, on exploration and hydrocarbon production in Russia’s offshore Arctic. Also, Prime Minister Narendra Modi visited Central Asia in July 2015, particularly Kazakhstan and Turkmenistan, to declare India’s growing importance as an alternative energy market in Eurasia, aside from the EU, China and Japan, and as a potential power in the energy-rich Eurasian space.
- TAPI Pipeline
- India
- Rosneft
- Essar Oil
- OVL
- Kazakhstan
- Turkmenistan
- Eurasian energy markets
- China
- Japan
- European Union
- Afghanistan
- Russia China India RCI pipeline
- Xinjiang
- Ladakh province
- Satpayev offshore field
- SASAREM energy cooperation mechanism
- Russia sanctions Ukraine crisis
- SCO Energy Club
- Kashagan field