SAARC Energy Agreement and Energy security

SAARC Energy Agreement and Energy security

India is a growing economy with more than a billion population. More than 70 percent of its energy requirements is met through imports. Energy Security has thus acquired greater importance in the foreign policy of the country. In the recent period India has attempted to diversify the import sources beyond West Asia. The ONGC Videsh Ltd has acquired stakes in countries like Russia, Sudan. India is involved in partnership with Vietnam for oil  exploration in South China Sea. South Asia as a whole is facing energy deficit. The rationale thus for signing…

Read More