A Perspective of Petroleum, Natural Gas, and Coal Bed Methane on the Energy Security of India

Abstract

The global energy requirement has grown at a phenomenal rate and the consumption of primary energy sources has been a very high positive growth. This article focuses on the consumption of different primary energy sources and it identifies that coal will continue to remain as the prime energy in the foreseeable future. It examines energy requirement perspectives for India and demands of petroleum, natural gas, and coal bed methane in the foreseeable future. It discusses the state of present day petroleum and petrochemical industries in the country and the latest advances in them to take over in the next few years. The regional pattern of consumption of primary energy sources shows that oil remains as the largest single source of primary energy in most parts of the world. However, gas dominates as the prime source in some parts of the world. Economic development and poverty alleviation depend on securing affordable energy sources and for the country's energy security; it is necessary to adopt the latest technological advances in petroleum and petrochemical industries by supportive government policies. But such energy is very much concerned with environmental degradation and must be driven by contemporary managerial acumen addressing environmental and social challenges effectively. Environmental laws for the abatement of environmental degradation are discussed in this paper. The paper concludes that energy security leading to energy independence is certainly possible and can be achieved through a planned manner.