Abstract
Energy lies at the heart of economic security, as energy is the pre-requisite to generate any economic activity. In this way energy is a big determinant of development and growth of an economy especially in case of developing countries. In the modern global economy, the concept of “natural security” has emerged as a main component of security of nations. It means sufficient, reliable, affordable and sustainable supplies of natural resources for the modern global economy.1 The proponents of natural security refer to energy as the most important ingredient of natural security because of its finite supplies, especially in case of fossil fuels e.g. oil, gas and coal. Energy production of any country is the measure of its economy. Energy is essential to build a strong economic base in order to compete in today’s global economy. A study conducted by United States Agency for International Development (USAID), describes the strong relationship between the provision of energy services and global, economic, and political development.