Argentina can be key energy partner for India, says envoy Caucino

Argentinian Ambassador Mariano A. Caucino called India's energy import diversification a 'very wise' strategy. He said Argentina, with its vast resources and small population, has the potential to become a key energy supplier for India.

Argentina's Ambassador to India Mariano A. Caucino has termed India's strategy to diversify its energy imports amid global disruptions caused by the West Asia conflict as a "very wise" move, adding that Argentina could emerge as a key partner in supplying energy resources to the country.

Speaking to ANI on Wednesday, Caucino said India has been expanding its network of energy suppliers, and Argentina has the potential to contribute to that effort as bilateral cooperation grows. "I think the Indian government has been working in this strategy of diversifying the natural resources and the provision of energy in the last years. And I think that's very positive, it's very wise from your side," he said.

Argentina as a Key Energy Partner

The envoy noted that India, under the leadership of Prime Minister Narendra Modi, has been pursuing a policy of securing energy supplies from a wide range of countries. "And I think a couple of days ago, the Prime Minister even in the Parliament, he said that you are developing a strategy in order to get provision of energy from, I think, more than 40 countries," he said.

Caucino said Argentina could play a growing role in India's energy security as cooperation between the two countries expands beyond agriculture and minerals to the energy sector. "Argentina can be, of course, one of them. It's already working in a starting cooperation in this field," he said.

Argentina's Supply Capacity

Referring to reports of rising Indian energy imports from Argentina, he said the South American country has significant capacity to supply global markets due to its large territory and relatively small population. " Argentina is the eighth largest country in the world, India is the seventh, but at the same time, we have a relatively small population--we are only less than 50 million. So the domestic consumption of food and energy is relatively small, and in that sense, it's a country that can provide to India and other Asian countries big provision in this sense, and we hope we are in the start of a cooperation in the time," he said.

According to the ambassador, this allows Argentina to export large quantities of resources such as food, minerals and potentially energy to growing markets like India and other Asian economies.

Geopolitical Context and Global Stability

On the broader geopolitical situation, the envoy described the ongoing hostilities in the Middle East as part of a complex set of overlapping conflicts rather than a single confrontation. He said the Argentine government has expressed support for the United States and Israel while also hoping that diplomatic efforts will lead to a resolution that ensures regional stability. "We hope that some sort of agreement or situation might be achieved for the good of the people there, for the good of the region and the stability of the region that is so important in the world," he said.

Caucino also noted that while Argentina has so far avoided major energy disruptions due to domestic reforms aimed at achieving energy sustainability, the interconnected nature of the global economy means that prolonged instability could eventually affect countries worldwide. "The world today is too interconnected, so we require stability for countries to achieve their national goals," he added. (ANI)

(Except for the headline, this story has not been edited by Asianet Newsable English staff and is published from a syndicated feed.)