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Energy security

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

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.
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kirtika
6 Aug 2019 3 Mins Read 1 comments
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. Getty Images
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.
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
stricter norms to protect it are keeping the industry on its toes and newer methods are being adopted to align with the new requirements,” Singh says. As India scours for new markets and partners in its quest for energy security, these are only an addition to the existing ones — replacing the dominant producers is still some distance away.
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 stricter norms to protect it are keeping the industry on its toes and newer methods are being adopted to align with the new requirements,” Singh says. As India scours for new markets and partners in its quest for energy security, these are only an addition to the existing ones — replacing the dominant producers is still some distance away.

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