Coal India May Be Allowed to Explore CBM in its Mines

Indian state owned firm, Coal India Ltd (CIL) is most likely to get a go ahead to explore coal bed methane in its mines, Business Standard quoted Petroleum Secretary Vivek Rae as saying.

"We are about to authorise Coal India to explore its coal blocks for coal bed methane," Rae said at an event.

Rae said India has better CBM opportunities than shale.

"The prospects for CBM in India are better than for shale gas and oil. Shale in India does not have that revolutionary potential as is being seen elsewhere," Rae said, reported Business Standard.

As per the Directorate General of Hydrocarbons, the country's CBM reserves have been estimated to be around 4.6 trillion cubic metres.

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