india-news

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

India may witness poor monsoon this year

Need to specify junk food items regulated in schools: HC

SC to hear Mittal, Ruia plea against summons May 1

Kejriwal files nomination after attacking Modi, Rahul

Entrust keys of Padmanabhaswamy temple with district judge, SC urged

Probe BJP's Kurukshetra candidate for code violation: Naveen Jindal

Congress confused about its campaign: BJP

Congress worried about Vadra fallout

Money, liquor and drug trail in these elections

Will Tarique Anwar be lucky this time?

Supreme Court forms panel over government advertisements

Modi presiding over hate campaign: CPI-M

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

Comments

Your e-mail:


Your Full Name:


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

Message:

Back to Top