State-owned ONGC has, for the last 12 years, not been able to proceed with its gas exploration work in a vital reserve in Tripura due to lack of environmental clearance, causing a huge revenue loss.
“Since 2005, we had to stop gas exploration works in Tichna as the area falls under the Tichna (Trishna) Bison National Park and Wildlife Sanctuary. We are yet to get the necessary clearances from the Forest, Environment and Climate Change Ministry and National Board for Wildlife,” ONGC Executive Director S.C. Soni told IANS.
The “Maharatna” Oil and Natural Gas Corporation has, since 1962, established around 41 billion cubic metre (BCM) of recoverable gas reserves in Tripura’s eleven gas fields, including the Tichna field in southern Tripura adjoining Bangladesh.
“We expect within the next 5-6 months we would get the necessary clearances from the appropriate authorities. The Prime Minister’s consent is likely to be required in this regard,” Soni added.
Another senior ONGC official, who is looking after the Tichna field exploration activities, said that the company has been losing crores of rupees in revenue as the area had been idle for so many years. Read More…
Credit By : Business Standard
Latest posts by Business-Standard.com (see all)
- Monnet Ispat First Stressed Firm To Get Bids, JSW Steel Submits Plan – December 13, 2017
- National Energy Conservation Day To Be Celebrated On 14th December, 2017 President Of India To Give Away National Energy Conservation Awards And National Painting Competition Prizes – December 12, 2017
- India Proposed $1 Billion Credit For Connectivity With ASEAN: Nitin Gadkari – December 11, 2017