West Asia tension & trade war may hit energy security, economy: Pradhan


West Asia tension & trade war may hit energy security, economy: Pradhan

Petroleum minister Dharmendra Pradhan on Sunday warned that India’s growing import dependence for oil and gas made it vulnerable to external developments and said a series of adverse global events in recent months – from the US-China trade war to happenings in West Asia – might have an “enormous impact” on the country’s energy security as well as its economy, budget and investment.

Addressing the third meeting of the International Think Tank ahead of the India Energy Forum, Pradhan, however, acknowledged that India would continue to depend on hydrocarbons, while relying on cleaner and more efficient technologies along with producer-consumer relations as trade volumes grow.

“No single form of energy can meet the growing energy demand in India given India’s development imperative that aims to ensure energy justice to all.

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