India Is Suddenly Targeting BIG Players in the Global Energy Market and Here's Why

India’s energy investments in Mozambique Gabon and Myanmar are yet to yield results forcing a rethink that will now shift focus to producing oil and gas assets

This dramatic shift in strategy comes as the country aims to reduce its dependence on foreign oil and secure energy supplies to fuel its rapidly growing economy India is the world’s third-largest oil importer and its energy needs are expected to double by 2030

India’s state-owned energy companies have long focused on investing in early-stage oil and gas projects in countries like Mozambique Gabon and Myanmar These investments were made with the expectation that they would eventually yield substantial returns However years after making these bets India is still waiting for the oil to start flowing and for the returns to materialize

However investing in producing oil and gas assets comes with its own set of risks and challenges The cost of acquiring producing assets is significantly higher than investing in early-stage projects Moreover the competition for producing assets is fierce and India will have to contend with other major energy players to secure a foothold in the market

Despite these challenges India believes that the benefits of targeting producing oil and gas assets far outweigh the drawbacks By acquiring producing assets India can immediately start receiving oil and gas supplies which can help reduce its dependence on foreign oil and secure energy supplies to fuel its growing economy

Moreover investing in producing oil and gas assets can also provide India with a steady stream of revenue which can help offset the costs of acquiring these assets

India’s state-owned energy companies are expected to play a major role in the country’s new energy strategy The companies will be tasked with identifying and acquiring producing oil and gas assets around the world and ensuring that the country’s energy needs are met

As India shifts its focus to producing oil and gas assets the country is likely to face stiff competition from other major energy players However India believes that its growing energy needs and its willingness to take risks will give it an edge in the market

Only time will tell if India’s new energy strategy will pay off but one thing is certain the country is ready to do whatever it takes to secure its energy future and reduce its dependence on foreign oil