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India and China are Eyeing Neighboring Nations to Expand the

Indian and China are witnessing high GDP growth and correspondingly their energy appetite has also been growing at a fast pace.

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India and China are Eyeing Neighboring Nations to Expand the

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  1. India and China are Eyeing Neighboring Nations to Expand their Hydropower Resources

  2. Indian and China are witnessing high GDP growth and correspondingly their energy appetite has also been growing at a fast pace. However, both countries have historically been deprived of energy resources. As a result, both the countries rely heavily on imports to satisfy their domestic energy needs. China’s crude oil consumption grew from 4,8717 thousand barrels per day in 2001 to reach 7,920.3 thousand barrels per day in 2009 at a CAGR of 6.3%. It is expected that the consumption of crude oil will reach 9,136 thousand barrels per day by 2015. However, the domestic production of crude oil was almost constant due to the limited oil reserves in the country. The crude oil production in China grew at a slow pace from 3,1354 thousand barrels per day in 2001 to reach 3,850.9 thousand barrels per day in 2009 at a CAGR of 2.6%. It is expected that the production of crude oil will reach 4,003.3 thousand barrels per day by 2015. Similarly, India’s crude oil consumption grew from 1,317.8 thousand barrels per day in 2001 to reach 2,513.5 thousand barrels per day in 2009 at a CAGR of 8.4%. It is expected that the consumption of crude oil will reach 3,507.6 thousand barrels per day by 2015. However, the domestic production of crude oil was almost constant due to the limited oil reserves in the country. The crude oil production in India grew at a very slow pace from 631.9 thousand barrels per day in 2001 to reach 662.4 thousand barrels per day in 2009 at a CAGR of 0.6%. It is expected that the production of crude oil will reach 692.1 thousand barrels per day by 2015. This analysis was taken from a research paper published by GlobalData, to download the full Research Paper for free, click below: http://www.researchviews.com/energy/power/hydro/Viewpoints.aspx?sector=Hydro&DocID=10634 Access the latest Hydropower analysis for free at http://www.researchviews.com

  3. About ResearchViews.com ResearchViews is your number one portal for industry related news, research, analysis and deals data. ResearchViews offers up to the minute content produced by an expert team of industry analysts. All content on the site is free to view and allows users to keep up to date with the latest developments in their chosen industry. Free daily and weekly newsletters provide a snapshot of the major issues affecting the industry. The site also features a research store, providing the user with access to premium business intelligence from some of the world's leading market research publishers. Contact Information: Rajesh Gunnam rgunnam@globaldata.com +914066166782

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