41981. Shale gas: Negotiating new energy, export finance and environmental equations
- Author:
- Karan Pradhan
- Publication Date:
- 07-2013
- Content Type:
- Special Report
- Institution:
- Gateway House: Indian Council on Global Relations
- Abstract:
- ndia is the second largest (after Mexico) client of the Export-Import Bank of the United States, with an $8.5 billion line of credit. The energy and petrochemicals sectors are the major beneficiaries. The discovery of shale gas and the development of related technology in the U.S., however, are likely to change the nature of the exports of energy products and technology to India. The financing to procure them will also be different, because the U.S is willing to compete with China on financial terms. Moreover, the shift from oil and compressed natural gas to shale can have a cascading negative impact on India’s environment, if opportunities in tapping alternative energy sources are neglected. Indian policy must balance the benefits of securing new technology and better financing for shale gas exploration within the country and from imports, with a firm commitment to renewable energy initiatives within the country.
- Topic:
- Environment, Gas, Finance, Exports, and Energy
- Political Geography:
- China, South Asia, India, and United States of America