Archive | 6:09 pm

Join the Road to Copenhagen 2009 discussion

12 Dec

The Hindu business line carried an important article today about the Road to Copenhagen initiative.

For those who dont know –  The Kyoto protocol is gonna get over in 2012 and the whole world is still lagging in its MDG (Millennium Development Goals) and there seems to be no new agreement on climate issues among the industrialized and developing nations in the horizon.

So a very important meeting is taking place in Poznan, Poland about what steps could be taken to tackle the climate issue .

Read more about this here :

Road to Copenhagen

A new climate deal based on human progress and justice

Join the wiki discussions here

Road to Copenhagen

If you dont want to sleep at noon

12 Dec

I have realised by trial and error method that if you eat less in the afternoon ( moderate quantity of rice that is ..) you wont feel sleepy at all .

it helps :
– i dont sleep at noon and hence easier to sleep on time at night
– catch up on reading during that “siesta” hour.

Dont forget Iran-Pakistan-India pipeline project

12 Dec

the IPI route

The on going diplomatic war with Pakistan on the backdrop of the Mumbai terrorist attack (26.11.2008) has put the spotlight on the proposed Iran-Pakistan-India gas pipeline. Many of my friends here actually have no clue what I am talking about . So let me put things in perspective .

So, what is

the IPI pipeline all about ?

  • The IPI pipeline is a 2,800 km overland pipeline carrying natural gas from Iran to India via Pakistan.
  • The total cost involved is $7.5b , which would carry 22 bmc gas per annum , which would later be increased to 55 bmc per annum
  • Currently India need 50 bmc per annum and would need 125 bmc per annum by 2025.

Now, what seems to be the problem? …. a lot actually

  • Dispute in pricing – Iran wants $8 per million BTU . but India says “No go”. India will not negotiate beyond $4 per million BTU.
  • No Trade Treaty – There is no trilateral agreement between the countries like the Energy Charter Treaty (ECT) which binds 51 European countries. A legal treaty will hold each country accountable in delivery and receiving of gas under a accepter framework.
  • Uncle Sam is not ok – America as we know is completely against Iran and hence scorns at any bi or trilateral trade between India and Iran.So any trade agreement, that too as high cost as this, will definitely under mine US strategic value in sub continent .

  • Geo politics unrest 1.The pipeline has to go through Baluchistan which is an caught in a war hot zone. 2. The transit country ,Pakistan can cut supply to India in case there is conflict of war. And there is no legal bonding to stop Pakistan from doing so . why ? because while India recognizes Pak as one of its Most Favored Nation (MFN) in trade, it is not been reciprocated. 3. The gas transits charge with Pakistan has not been finalized yet. which means , Pak can squeeze the maximum out of the bargain and it can be changed anytime. Imagine what would have if Pak demands higher transits fee after the pipeline is built and running for 6 months. India wont be in a position to negotiate . Because India is a energy hungry nation and oil/gas plays a big role .

what are the alternatives ?

Instead of the the proposed pipeline , India and Iran can go for a LNG delivery deal. It is of course expensive but it would be relatively safe and stable as both the parties are bound to each other. Since LNG market is more mature , there will be some sort of competition and hence pricing can be regulated to an acceptable number. Since LNG ships would go via transits routes( import and export ports) the transit money will be stable and accountable by the host countries.

India currently has one port in Dhaej and another one coming up in Kochi. A long term trade via sea will also help India develop its own supply route, logistics and technology.