| The global scenario has undergone a drastic | | | | gas from the middle-east countries which are |
| change in the recent times as the economies | | | | the reservoirs of resources. This not only |
| are striving to attain high economic growth | | | | helps India secure economic growth, but would |
| rates by strengthening their resource base | | | | also facilitate the strengthening of |
| and securing energy supplies. It is apparent | | | | bilateral relations with the neighbouring |
| that a situation like this could breed | | | | countries. The task, however, has not been |
| resource wars amongst the countries. The | | | | effortless. The hindrance in the pipeline |
| Asian region has specially witnessed the | | | | projects has forced India to import natural |
| increased competition for imports with the | | | | gas in the form of LNG from countries like |
| increasing reliance on energy resources. | | | | Oman and Qatar. |
| Natural gas is rapidly growing as the primary | | | | |
| energy source all over the world and in Asia. | | | | India entered the LNG race in 2004 with its |
| The Asian countries are increasingly relying | | | | first LNG Terminal set up by Petronet at |
| on the Middle East as the major supplier of | | | | Dahej on the west coast of the country. |
| energy. | | | | Anticipating the fact that the dependence on |
| | | | the oil and natural gas will increase in the |
| India, being the world's sixth largest energy | | | | coming years, India is emphasizing on the |
| consumer is endeavouring to establish itself | | | | techniques for efficient use of energy and in |
| as a secure economy and has realized the need | | | | developing alternative energy sources. At the |
| for strengthening its power sector to ensure | | | | same time, India is attempting to address the |
| a sustained economic growth. | | | | geopolitical concerns which are one of the |
| | | | major obstacles in the smooth imports of oil |
| Technological advancement and accelerated | | | | and natural gas from the neighbouring |
| economic growth in India has led the country | | | | countries. |
| to join the highly competitive set-up of | | | | |
| energy dynamics. One of the biggest consumers | | | | With the expansion of new LNG facilities at |
| of energy in the world, India has started the | | | | Dahej and the setting up of new Terminals at |
| quest of becoming one of the powerhouses of | | | | Kochi, Dabhol and Mangalore, India is |
| the future. With a view to meet the | | | | preparing itself for a giant leap in the |
| challenges of the energy industry, India is | | | | energy sector. At the same time, maintaining |
| making investments in the energy | | | | the imports from the countries like Oman and |
| infrastructure to meet the growing demands. | | | | Qatar ensures that India does not lag behind |
| Though being the third largest producer of | | | | in the race for securing energy supplies. A |
| coal in the world, India relies heavily on | | | | combination of strategically planned |
| the oil and natural gas imports due to high | | | | infrastructure, balance of geographical and |
| energy consumption rate in the country. | | | | political concerns and co-operative policies |
| | | | would pave the way for India to develop as a |
| An advantageous geographical location of | | | | global powerhouse of the future. |
| India entitles it to import oil and natural | | | | |