Chapter 4

Economic and Diplomacy Issues Relating to Oil, Gas and Energy Flows

Energy security is one of the natural paramount concerns for a country given its overarching influence on economic development as well as overall quality of life of people. Every sector of economy whether it is primary, secondary or tertiary sector needs energy for its development. The economic development also ensures poverty reduction because of its trickle-down effect. This makes energy security a prime agenda for the internal and external policies of every nation including India.

To ensure sufficiency of energy supply developing countries like India require robust flow of investment along with new technologies, both domestic and foreign. As per the New Exploration ...

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