India: The Emerging Energy Player

Chapter II

India’s Search for Energy: Issues and Emerging Concerns

India’s search for energy beyond the borders has brought its security on energy policy agenda. In the formative phase of the energy policy, Indian concerns were confined to mobilize investment for exploration and production of domestic, onshore and offshore reserves. over the years, though domestic production did move up, demand outpaced it, forcing the country to look for external supplies. The sluggish growth in domestic supply and the growing reliance on imports transformed the energy context dramatically. India’s energy policy, thus, acquired an external dimension. In this process, India became susceptible to the changing dynamics of the world energy market. It was demonstrated ...