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250 existing blocks said to have shale gas reserves

250 existing blocks said to have shale gas reserves

India is said to be having shale gas reserves in at least 250 existing oil and gas blocks. According to government estimates, a few basins in India together have a potential to produce 63 trillion cubic feet (TCF) of shale gas, while it has a total shale potential of close to 300 TCF. Experts say shale gas and oil reserves may be present in at least 11 more basins

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India estimated to have 1.6 tn cubic feet of shale gas reserves

India estimated to have 1.6 tn cubic feet of shale gas reserves

According to an estimate by the US Geological Survey, India has 1.6 trillion cubic feet of technically recoverable shale gas in the provinces of Bombay, Cauvery and Krishna-Godavari. The gas is largely concentrated in six areas - Cambay (in Gujarat), Assam-Arakan (northeast), Gondawana (central), KG onshore (Andhra Pradesh), Cauvery onsh

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Centre may request US govt to allow Indian firms source gas

Centre may request US govt to allow Indian firms source gas

Reports suggest that the central government would request the US government to allow India oil and gas companies to source shale gas from the country. US government does not allow foreign companies to import shale gas. But as an exception, the US government recently allowed state-run Gail to import natur

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US sanction to make payment for Iran difficult

US sanction to make payment for Iran difficult

From February 6, Indian banks would not be able to transfer money to Iran for the oil imported by India from the gulf nation. This is because a new US treasury sanction, which bars banks from transferring IranÂ’s oil revenues from importing nations to Tehran, comes into effect from February 6. So far, India has been making 45 percent of the payment to Iran for its crude oil in rupees through the Kolka

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Contract opportunities in LPG sector

Contract opportunities in LPG sector

According to a government report, India is the fourth largest consumer of liquid petroleum gas (LPG) in the world after USA, China and Japan and the consumption grows steadily at 8 percent per annum. It is the third largest consumer of LPG in domestic sector in the world after China and the USA. Domestic sector is the major market of LPG in the country.

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Potential entrants are cautiously optimistic

Potential entrants are cautiously optimistic

Seeking to understand the Indian logistics sector better rather than to jump right in, potential investors and contractors from the developed nations are aware of the many a slip between the cup and the policymaker’s lip,

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Shale Gas: The unlikely alternative?

Shale Gas: The unlikely alternative?

The government’s plan for bidding out the shale gas blocks for exploration has been postponed till 2013, and it seems India is in the dilemma of how to take its shale gas initiatives forward in policy. The delay points to a debate on the environmental hazards. Given the greater likelihood of groundwater contamination, will shale gas be a reality in the near future? Sudheer Vathiyath explores.

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New environmental regulatory framework needed for shale gas

New environmental regulatory framework needed for shale gas

India is technologically ready for shale gas, but higher environmental risks and land acquisition issues pose major concerns. SV Rao, Director (Exploration), Oil and Natural Gas Corporation Limited (ONGC), explains to Sudheer Vathiyath how they can be offset.