Examination of the energy trading status of China and India and the prospect for cooperation

China and India are two major contributors to the growth of global energy demand. As energy is one central part of the geopolitics, the energy security for both countries get complicated by the political environment. The paper investigates the positions of China and India in the trading relationships with different regions of the world. The paper also examines recent events that affect the energy security of China and India. The conclusion is that during the past decade, China and India have diversified sources of energy, especially from the Middle East, though China demonstrates a higher level of diversification and occupies a less passive position in its trading relationships. Shale revolution, the US energy sanctions on Iran and Venezuela and the US-Chinese trade conflicts, can bring China, India and Russia closer to each other due to the shrinking market influence of Russia in Europe and the needs of India and China to further diversify import sources so that energy supplies will not be disrupted by political chaos. (C) 2020 The Authors. Published by Elsevier B.V.