Cabinet to take up shale gas policy in two weeks: Moily

New Delhi, March 24 : The Cabinet will take up the crucial shale gas exploration policy in two weeks, Petroleum Minister M. Veerappa Moily said Sunday

"A draft shale oil and gas policy was placed in the public domain. A shale gas policy will go to the cabinet in two weeks," Moily said while addressing the National Editors Conference here.

Emphasising the importance of shale gas if India is to achieve a 50 percent reduction in its crude oil imports by 2020, the petroleum minister pointed out how shale gas exploration in six years had transformed the energy scenario in the United States.

"Even China in these six years (2005-11) has made much progress in shale gas development. They have done it in six years... we can also do that," Moily said.

The Directorate General of Hydrocarbons has taken steps to identify the prospective areas for shale gas exploration.

India's shale gas formations are spread over several sedimentary basins like the Cambay and Krishna-Godavari, and onland in the Cauvery basin.

The commercial exploitation of shale gas in the country awaits the government's shale oil and gas policy.

--IANS (Posted on 25-03-2013)

india-news headlines

Indian Inc. has important role in developing standards: Cabinet Secretary

Manufacturing industry must become rapid learning enterprise: CII

EC censures Amit Shah, Azam Khan, Beni Prasad

Sibal moves EC against Swamy, seeks FIR

'No First Use nuclear doctrine an article of faith with Indian governments'

45 injured as express train derails in Assam

Srinivasan is among 13 named by Mudgal: Supreme Court

RSS, BJP ideology threat to secularism: Sonia Gandhi

Don't fool the people of India: Rahul to Modi

Auspicious 11 UP seats package may make or break BJP hopes

Triangular contest in the offing at Agra

Eyeing 300 lotuses, Modi calls upon youths

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014


Your e-mail:

Your Full Name:

Type verification image:
verification image, type it in the box


Back to Top