Introduction

China and India are the emerging giants of the world economy and international energy markets. Energy developments in China and India are transforming the global energy system by dint of their sheer size and their growing weight in international fossil-fuel trade. Similarly, both countries are increasingly exposed to changes in world energy markets. The staggering pace of Chinese and Indian economic growth in the past few years, outstripping that of all other major countries, has pushed up sharply their energy needs, a growing share of which has to be imported. The momentum of economic ...