Pradhan, while speaking on 'The Geopolitics of new energy', said that the association will give these countries a bargaining power while purchasing the gas. According to the experts at the seminar, the influence of energy is shifting from oil-rich West Asian countries to the newly-producing developed countries, and shifting from the physical markets to the commodity markets. "Gas fuel is going to be a major form of energy for around at least next three decades, specifically in this part of the world. He added that his government wants India to become an energy hub which will not only help in meeting the energy demand of the country but also the neighbouring countries. One is globalisation of technology, finance, goods, and services which has created clusters of talent and prosperity around the globe.

Source: dna June 15, 2016 02:26 UTC