India and the US will soon intensify the work on development of shale gas in coastal India with more US companies likely to join the exploration process, sources in the Ministry of Petroleum and Natural Gas told Express. A white paper is likely to be released jointly with the US Energy Department and Ministry of Petroleum and Natural Gas soon. India has an estimated 96 trillion cubic feet (tcf) of recoverable shale gas reserves, found mainly in Tamil Nadu, Andhra Pradesh and Rajasthan.
“Shale gas has huge potential. The first set of policy guidelines came in October 2013 and the progress made so far has been good, but it received an impetus with improved India-US relations and that calls for a re-look,” said a senior official in the Directorate-General of Hydrocarbons. A US Energy Information Administration report pegs the estimated the global shale gas resources (in 48 countries) at 7,576 tcf. Read More…
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