Energy
Energy security

India’s new energy policy: Find more allies for cheaper, superior hydrocarbon commodities

India’s new energy policy: Find more allies for cheaper, superior hydrocarbon commodities
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Prime Minister Narendra Modi (left) and his Singaporean counterpart Lee Hsien Loong shake hands after a joint media conference at the Istana presidential palace in Singapore in June 2018.

Synopsis

India is reaching out to more geographies for sourcing hydrocarbons. This strategy is dictated by several factors — from access to cheaper commodities, given trade agreements with regional blocks, to the need for higher-quality and environmental-friendly ones.

By
4 mins read,
Coal from Switzerland, palm oil from Singapore, liquefied propane from Norway, and butane from Taiwan. India is breaking into new markets to meet its energy needs. It’s sourcing hydrocarbon commodities from more countries, reducing dependence on a select few. Attribute it to free trade agreements (FTA), the need for superior quality of products, or the intent to cause less environmental damage, but India has begun expanding its relations with
( Originally published on Aug 06, 2019 )

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