India plans auction of 100 shale gas blocks this year
KOLKATA (miningweekly.com) - The Indian government would auction off at least 100 shale gas blocks before the end of the year, with the process starting immediately after the new shale gas policy was cleared by.
According to an official in the Petroleum and Natural Gas Ministry, the new shale gas policy had been finalised and was currently awaiting approval from the Cabinet Committee on Economic Affairs.
There had been some delays in the approvals process of the new shale gas policy, as well as the auction process, which had initially been scheduled to start in June.
However, the November to December 2013 timeline for inviting bids for 100 or so blocks would be met, the Ministry official maintained.
India has identified six basins as potentially holding shale gas, which include the Cambay basin in the western Indian province of Gujarat, Arakan Valley in north-eastern Assam, in the Gondwana region of central India, the Krishna-Godavari (KV) basin off the coast of Andhra Pradesh, the Cauvery basin and the Indo-Gangetic basin.
The Ministry had estimated that an investment to the tune of $2-billion by successful bidders would be riding on exploration activities to be conducted across the 100 blocks.
The first round of bidding would be confined to shale gas deposits in three regions - the Cauvery basin, the KV basin and Raniganj in the Indo-Gangetic basin, in West Benghal - with a combined estimated reserve of 49.5-trillion cubic feet (tcf) of gas of which about 19.8 tfc would be available for immediate commercial recovery.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...
VISIT SHOWROOM
Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
