Authors: Urmila Rao* and Manish Vaid
One of the prime outcomes of the BRICS Summit 2016, (October 15-16, Goa, India) was setting up of three working groups by the Indian government; on counter-terrorism, cyber security and energy security. BRICS 2013 saw the issues of cyber security and terrorism discussed in the wake of US snooping revelations and terror-related violence in China. Summit 2013 saw the narrative revolve around countering cyber prying and terrorism through information sharing and following of best practices among Brazil, Russia, India, China and South Africa (BRICS)., BRICS 2016 built up on that sentiment.
I still recall seeing articles, reading news and perusing opinions clamoring with a ‘no deal’ jargon. Belonging to the same pessimistic guild I was utterly hopeful of hopelessness regarding the first meeting in October when OPEC and Russia met, as they have many times before, to settle down the undulating oil market. But the sentiment and expectations turned topsy-turvy as soon as the mellifluous sound of ‘production cut’ was beginning to be feebly heard by those waiting outside the meeting room i.e. the world.
Low natural gas and electricity prices have created a tough competitive environment for renewable energy, but this has remarkably had little impact on the momentum of alternative energy growth, finds a new Deloitte report entitled, “Alternative Thinking 2016: Five game-changers that are powering the future of renewable energy.”
Have you ever noticed that The United States of America, the police-man of the world, also knows how to make the best burger (McDonalds), pizza ( Pizza hut) ,Chips and Beverages (Pepsi Co) in the world. If that is not enough then the most effective, powerful and smart weapons are also forged inside the Military Industrial Complex of USA. Now, it turns out that a commodity, on which for years the Middle-East and especially the Saudi monarchy have been exercising a clout, seems to shift its axis of power, veering towards another continent i.e. North America.
Authors: Manish Vaid and Darshit Paun
India’s hunt for developing a sustainable economy should not only involve the push towards renewable energy sources but also a firm commitment towards increasing in natural gas base, as also reflected in the statement of India’s Petroleum Minister. The efforts to this direction include increase cheaper LNG imports and reviving its gas pipeline diplomacy through undersea gas pipeline such as Middle East to India Deepwater Pipeline (MEIDP).