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India-China energy partnership favorable for Asia
(AFP)
Updated: 2005-10-03 09:06
Southeast Asia stands to gain if regional powerhouses India and China succeed
in jointly securing long-term energy supplies to fuel their fast-growing
economies, analysts said.
Sinopec station
attendant pumps gas into a vehicle in Beijing. Southeast Asia stands to
gain if regional powerhouses India and China succeed in jointly securing
long-term energy supplies to fuel their fast-growing economies, analysts
said. [AFP] |
The two former rivals are now
key trading partners of Southeast Asia and if they can work together to ensure
their energy needs are met, it will mean a continuation of the sizzling growth
that has benefitted the region, they said.
"We in Southeast Asia would certainly like to see the continuous growth in
China and India," said Rodolfo Severino, the former secretary-general of the
10-member Association of Southeast Asian Nations.
"If they are able to resolve their concerns over energy, then that means
their rapid growth will continue, which is good for the region," he told AFP by
telephone.
China and India plan to sign pacts in November aimed at teaming up to bid for
oil and gas projects, the latest signal yet that ties are improving after 1962.
The two neighours had been vying for scarce energy resources around the world
with Beijing winning the latest bout when China National Petroleum Corp. outbid
India's Oil and Natural Gas Corp. for Kazakhstan's third-largest oil producer,
PetroKazakhstan.
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