Noting that demand for energy in India is growing at a "terrifying pace", External Affairs Minister Salman Khurshid on Thursday said the country needs to explore, enhance, develop and fortify relations with energy exporting countries.
"Demand for energy is growing at a terrifying pace in India and yet not fast enough if we take into account the per capita consumption in India. Sources of energy are depleting at a fast pace and we are already importing 80 per cent of our oil and 25 per cent of our gas requirements," he said.
"Going forward, if we continue to grow at 8-9 per cent import dependence is likely to increase and India would be importing 35-57 per cent of coal, 90-94 per cent of oil and 20-57 per cent of gas by 2031-32," Khurshid said.
Speaking at a seminar "Energy Security Conference 2012" organised jointly by the Confederation of Indian Industry (CII) and Ministry of External Affairs,
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