Assertion (A): The concept of energy security and energy independence refers as much to the securing of steady and reliable supplies of energy resources as it does to obtaining them at reasonable and stable pricesfrom diversified sources while developing, at the same time the conventional and alternative sources for creating strategic reserve at the domestic level.
Reason (R) : Rising Asian powers such as China and India as well as Japan and South Korea are extending their areas of energy diplomacy and also promoting connectivity projects in Central Asia, Africa and Latin America.
In the context of the above two statements, which of the following is correct?