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Page added on February 11, 2007
Energy crisis: For gas, why forget Russia?
The fast growing Indian economy has created the growing need for energy, which is hard to come by. Iran has held the gas hope, but there are twisted roads to be traversed. The other and better option for India is Russia
India and China have grown into the fastest-growing economies in the world and so have their hunger for oil and natural gas, which they want to further propel their economy into the league of the developed nations. Lately, China has been running behind the financially poor but rich in petroleum African nations with loans and infrastructure incentives to get hold of the precious commodity. India, on the other hand, is still considering the proposal of a gas pipeline from Iran through Pakistan which might quench its thirst for energy.
The decision on the pipeline is a difficult one for India. It desperately wants Iranian gas, but at the same time, it does not want to annoy the United States which recently got into a civilian nuclear arms deal. Both, Iran as well as the US are trying to put pressure on the Indian government and India, is now feeling the crunch. It has to pick one of the two as they have come out as the staunchest enemies.
If India falls short of acquiring the much needed Iranian gas, it is at the risk of losing out to China in the race to become the next superpower. And, if it opts for the Iranian gas then it might end up losing the nuclear deal with the US. Both, Iran and America, are trying to take full advantage of this situation. IranIndia no chance to do some bargaining with the gas pricing. The US, on the other hand, wants India to stand with it and stop Iran from becoming a nuclear power.
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