4 Global quest for energy resources
As described in Chapter 3, China and India share some common energy supply insecurities, including the reality that their domestic economic development and global roles will be challenged by their energy import dependence. Both countries’ oil and gas import dependence has put energy security high on their foreign policy agenda. In response, China and India pursue political relationships with oil-and gas-exporting countries in Africa, the Middle East, Southeast Asia, and Central Asia, looking for agreements for future oil and gas supplies. Through their NOCs and outward investment, they have engaged in bilateral investment relationships with these countries, often seeking equity oil and gas shares.