The Institute of Chinese Studies (ICS) and the Energy and Resources Institute (TERI) in New Delhi, together with the Shanghai Academy of Social Sciences, conducted a two India-China dialogs on energy issues in New Delhi and in Shanghai. The dialogs discussed issues relating to world energy markets, the international oil and gas markets, rising oil prices, increased resource nationalism, increased overseas oil and gas equity initiatives, the emergence of new oil ties and concerns with safety of transit routes. Faced with such issues, China and India agreed to cooperate on various fronts, including joint searches for equity oil and gas, investment across the oil and gas supply chain in the two countries, investment in conventional and non-conventional energy, and the management of demand and promotion of environmentally friendly fuels.