South Asia renews upstream push to guard against future supply shocks

South Asian countries have stepped up efforts to find oil and gas at home as the Middle East conflict has exposed supply vulnerabilities and sent shockwaves through domestic energy markets, but structural, regulatory and commercial challenges will limit international oil companies’ interest in investing in the region’s upstream sector, industry sources and analysts said June 8. As energy securitySouth Asian countries have stepped up efforts to find oil and gas at home as the Middle East conflict has exposed supply vulnerabilities and sent shockwaves through domestic energy markets, but structural, regulatory and commercial challenges will limit international oil companies’ interest in investing in the region’s upstream sector, industry sources and analysts said June 8. As energy securityRead More