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India-China energy partnership to benefit Asia
(AFP)
Updated: 2005-10-02 13:55
Last year, it consumed a little over two million barrels a day and a
government paper has forecast that by 2025, the figure will rise to 7.4 million
barrels a day.
While analysts agreed it was a wise move by China and India to work together
to source for energy supplies, they cautioned against any high expectations
because it's still early days.
"It will be unwise to assume that the cooperation will succeed or produce
substantive results," said White from the Australian National University.
David Ernsberger, Asian editorial director with energy information provider
Platts, said "Chinese companies are keen to bring oil and gas to China, while
Indian companies are keen to bring these products to India, and it will be
interesting to see how a quid pro quo is reached."
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