AGP Executive Report
Last update: 44 minutes agoIndia Energy Security Push: PM Modi used Independence Day to warn against the weaponisation of resources and sea routes, stressing energy self-reliance amid Strait of Hormuz disruption and higher shipping costs. Nuclear Expansion: Modi said India aims for 100 GW nuclear capacity by 2047 and to operationalise five new reactors this decade, pointing to the SHANTI Act and the PFBR reaching criticality. Power & Gas Buildout: He highlighted piped gas expansion (to 700 cities) and solar growth (to 160 GW), alongside railway electrification reaching 100%. Trade & Tariff Pressure: The US flagged India in a “shadow transshipment” network tied to Chinese goods, raising the risk of more inspections and friction for exporters. Regional Energy Talks: Philippines President Marcos said discussions with China on possible oil and gas exploration are making progress despite South China Sea tensions. Oil Spill Risk: A Russian tanker ran aground near Oman, spilling oil over about 2,000 sq km, with unclear response mechanisms and sanctions complicating cleanup. Clean Transition Context: A look at ASEAN’s net-zero push notes fossil fuels still dominate (83% of the mix) and calls for subsidy reform and investment support.
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