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Energy Diplomacy Essay

7702 Words31 Pages

CHAPTER 1

INTRODUCTION

Introduction to the Study
Energy is a critical element in the march of progress of the Human race where the development would be retarded and life itself would be unbearable if the world is deprived of energy. It wouldn’t be an exaggeration if we say that energy literally drives the global economy. Every advanced economy has required secure access to modern sources of energy to strengthen its development and growing prosperity. Wheth¬er it comes from advanced nuclear reactors in devel¬oped nations or simple woodstoves in the developing world, energy is recognized as vital to human welfare. It influences the economic, political, and social poli¬cies of every nation. Possessing or not possessing sufficient …show more content…

“Energy diplomacy” has become a catchphrase in government circles in Delhi—not just in the MPNG but also in both North Block and South Block, where the ministries of Finance and External Affairs are …show more content…

. . people who can combine professional understanding of the industry with the capability to work across different cultures and a plurality of sovereignties. Former petroleum minister Aiyar even formed a group to advise the government on energy diplomacy. To ensure energy security for its highly demanding home it was very important for India to go for an aggressive energy diplomacy and not just depend on imported oil for its economy but move a step ahead in the direction of exploration and acquisition of oil fields abroad and currently India holds equity oil field shares in more than 15 countries in CIS and Far East (Vietnam, Myanmar, Kazakhstan, Russia) Middle East (Iran, Iraq, Syria, Libya) Africa (Nigeria , Sudan ) Latin America (brazil , Columbia ,Cuba , Venezuela).
To address its energy concerns, India is continually committed to bilateral cooperation with foreign countries both in upstream and downstream sectors. In order to give special attention to the matters relating to International Cooperation, the International Cooperation (IC) Division is functioning in the

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