Energy security refers to the reliable availability of energy resources at an affordable price. It encompasses the ability of a nation to secure its energy supply from various sources, ensuring that there are no disruptions that could impact economic stability or national security. This includes diversifying energy sources, investing in renewable energy, and maintaining strategic reserves.
In today's interconnected world, energy security is crucial for both developed and developing nations. Countries must navigate geopolitical tensions, climate change, and technological advancements to create a resilient energy infrastructure. Effective energy security strategies can help mitigate risks associated with oil crises, natural disasters, and market volatility.