| Summary/Abstract |
Energy affects almost all aspects of life and enormously contribute in economic, social and political development, which is sustainable as well. Energy, in this way, by ensuring socio-economic development augments the well-being of people and at the same time gives political leverage uplifting the country's position in the international realm. The present world is changing at a very fast rate and there is growing demand for hydrocarbon energy for the speedy development of the nations. Consequently, it can be said that the forthcoming decades will probably bring about significant modifications in the global energy scenario. Therefore, there is requirement to change the strategic orientation related to new concepts of energy and their implications.
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