As one of the world’s largest energy consumers – with a growing footprint – India has stepped up its international engagements on energy. There is continued interest in acquiring oil and gas assets overseas; continuing dialogue on importing nuclear reactors; long-running discussions on energy efficiency; and increasing focus on renewable energy. How could India ensure that its energy relations with other countries are suited to its long-term interests? Here are five guiding principles.
Price matters. The energy world is changing rapidly and disrupting national and global markets. Most energy investments have long gestation periods. In some cases, like nuclear, it
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