South Asia energy security: Challenges and opportunities

South Asia has witnessed a growing imbalance between energy demand and its supply from indigenous sources resulting in increased import dependence. Energy endowments differ among the South Asian countries. However, access to the significant energy resources in the neighboring countries is denied, which increases the cost of energy supply and reduces energy security of the individual countries and of the region as a whole. The countries in the region could benefit significantly only by strengthening the mechanism of energy trade through improved connectivity. Therefore, greater cooperation within South Asia could be one of the most effective ways to deal with this Regional Energy deficit and ensure Energy Security of the Region.