Manage risks for trans-country pipeline projects: India case study—Part 1

A. Moitra, Indian Oil Corp., New Delhi, India The World Bank’s “South Asia Economic Focus” report, released in October 2016, predicted that India’s GDP growth of 7.6% in 2016 would persist or even strengthen in 2017. However, the challenge remains in extending this economic growth to a broader range of human development outcomes. India’s per-capita energy consumption (in kg of oil equivalent) is less than 600, compared with 1,000 for developing countries like China and Brazil. Data from the World Bank and the International Energy Agency (IEA) on per-capita energy consumption predicts that achieving energy security will be a daunting task for India. Oil demand has traditionally been driven