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The rapid economic growth has been accompanied by commensurate demand for energy services that is increasing the country’s vulnerability to energy supply disruptions. This vulnerability is not unlike that observed in the US and China, which too import an increasing share of their oil and gas requirement.1 It is estimated that by 2025, the global scene of energy supply and demand would alter quite dramatically: China is expected to overtake the US in its quest for energy and India will account for a larger share of energy resources than Japan. In absolute terms, India will be the fourth largest consumer after China, USA and the Russian Federation...
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