Issue 02, November 2013

Issue 02, November 2013  
Ambassador Carlos Pascual visits TERI, New Delhi
Ambassador Carlos Pascual (Special Envoy & Coordinator International Energy Affairs, Energy Resources Bureau, U.S. Department of State) and representatives of the US Embassy visited TERI on 7th November, 2013. The purpose of the meeting was to exchange views on specific challenges in ensuring energy security and energy access. Off-grid energy access and key issues faced in project implementation were discussed extensively. The deliberations focused on micro-grids, development of market value chain, problems in storage and establishment of local level
energy enterprises. TERI colleagues highlighted the importance of ensuring financial viability of these projects and shared their experience in implementation at the field level. Several opportunities for collaboration between India and USA for implementation of the ideas were discussed during the meeting. Next, Ambassador Pascual informed the group about a proposed policy workshop on the power sector. Various issues currently ailing the sector were highlighted. It was suggested that the Ministry of Power should be brought on board and the discussions should be thematic. Further, implications of the evolving international natural gas markets were discussed. The difference between Asian and Western gas markets was brought out in the deliberations that followed. The meeting ended on the note that there are several and diverse avenues for continued engagement between TERI and US.
Global Gas Scenario & India
TERI organised a Roundtable on the Global Gas Scenario & India on Friday, September 6, 2013. The discussions were spearheaded by Mr Pinak R Chakravarty, Secretary, Ministry of External Affairs and Mr Vivek Rae, Secretary, Ministry of Petroleum & Natural Gas. The Roundtable discussants included over 20 experts, representing the Government of India, organisations such as ONGC, Petronet LNG Ltd., Petroleum Federation of India, US India Business Council, and the US Embassy in India.

The discussions provided insights into India's energy sector, the global geopolitical scenario for energy, impact on energy trade and the evolution of energy prices. The deliberations of the Roundtable will be taken forward at the next edition of the US-India Energy Partnership Summit, held annually in Washington, D.C. The outcome document proposed will identify and comment on the key challenges affecting the global and domestic energy markets in the context of emergence of shale gas as an alternative.

TERI further hopes to build a strong relationship with such stakeholders to ensure continuous dialogues on the various facets of the energy debate to help make constructive efforts for a secure energy future.

Announcing the launch of:
New TERI North America Website   US-India Energy Partnership Summit 2013 Proceedings
Furthering US-India Bilateral Relations
Two years post their last meeting on the sidelines of the ASEAN Summit in Bali in 2011, the leaders of the world's two largest democracies met in Washington in September, 2013. On the agenda, were engagement on bilateral issues of trade and investment, defense cooperation, climate change and clean energy, and the strategic partnership, among other issues.

Source: Prime Minister’s Office, India
TERI NA Alert brings you an article analyzing the features and outcomes of this important meeting, written by Krishna S. D. Dwivedi, Associate Fellow, Centre for Global Agreements, Legislations & Trade, TERI.

The Power Surge: What Big Changes in American Energy Mean for Indian and the World
TERI University had the privilege of hosting Dr. Michael Levi, Director of Energy Security and Climate Change at the Council on Foreign Relations, on 4th October, 2013. Addressing the students and faculty of TERI University, Dr. Levi delivered an enthralling lecture on 'The Power Surge: What Big Changes in American Energy Mean for Indian and the World'.

Dr. Levi underscored the implications of the rising energy production in the USA on
India and the rest of the world. USA is currently experiencing a boom in shale gas production and is also experiencing an increase in oil production, especially tight oil. With the increasing use of established and proven technology for exploiting natural gas, it will eventually become a net gas exporter to the world and would progressively reduce its dependence on oil imports. Given that US oil consumption has peaked and renewables are also gaining in the energy mix due to favorable policy and reduced cost of technology, this may eventually reduce world oil prices with potential implications for an oil importing nation like India. The path of the future, as Dr. Levi indicated, would be contingent upon how fast the low cost technologies spread and their implication on climate.
Delhi Sustainable Development Summit 2014
The Delhi Sustainable Development Summit announces its 14th edition, themed 'Attaining Energy, Water and Food Security for All'. To be held during 6-8 February, 2014 in New Delhi, the Summit will bring together the best minds from across the globe – from government to corporate, research to entrepreneurs. Don't miss the opportunity to network with like-minded people and organisations and discuss issues of critical importance to secure our future.
Registrations are open.

  footerlogo President Dr. R. K. Pachauri
Vice-President Dr. Annapurna Vancheswaran