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Why India Needs BRICS And QUAD For Energy Security
The article says India needs reliable supplies of oil and gas.
It argues that BRICS is especially useful because it includes countries that sell energy and countries that buy a lot of it.
India and China need energy, while countries such as Russia, Saudi Arabia and Brazil produce large amounts.
The author says these countries should cooperate more formally.
They could make it easier to trade oil and gas using their own currencies.
The article also says India should continue working with the QUAD.
The QUAD includes the United States, Australia, India and Japan.
The author believes using both groups would help India protect its energy needs without choosing only one side of world politics.
The opinion argues that BRICS could become the world’s strongest energy-security grouping.
BRICS combines major oil and gas exporters, including Saudi Arabia, Russia, Iran, the UAE and Brazil, with major importers India and China.
The author says BRICS members should create a formal energy platform for oil and gas trade in national currencies.
India’s energy needs are projected to rise, with oil imports potentially reaching 8 million barrels daily by 2045.
The article argues India needs both BRICS and QUAD to pursue energy security while maintaining a multipolar foreign policy.
- Who
- India, BRICS members, and the QUAD countries are the main parties discussed.
- What
- The opinion calls for India to use both BRICS and QUAD partnerships to strengthen energy security.
- Where
- The proposal concerns global energy trade, including oil and gas flows among BRICS and QUAD countries.
- When
- The article discusses current energy needs and projects India’s oil imports through 2045.
- Why
- The author says India needs dependable energy supplies while pursuing a multipolar foreign policy and maintaining partnerships with both Western and non-Western countries.
Key facts
- India’s current oil imports
- The article says India imports 5.2 million barrels of oil daily.
- Projected Indian imports
- India could import 8 million barrels daily by 2045, according to the opinion.
- China’s oil imports
- China is described as importing about 9 million barrels daily.
- BRICS energy role
- BRICS includes major energy exporters and major oil and gas importers.
- Proposed BRICS measure
- The author recommends a dedicated intergovernmental platform for energy security.
- Proposed trading method
- The platform could facilitate oil and gas trade in members’ national currencies.
- India’s stated approach
- The article describes India’s international strategy as focused on multipolarity rather than joining a de-dollarization campaign.
Sources
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