Indian to unveil shale gas policy in a month

India will unveil a shale gas exploration policy in a month as it looks to exploit unconventional hydrocarbon resource to meet its growing energy needs.

The government has received comments on the draft shale gas exploration policy and in the process of putting out a note for the consideration of the Cabinet and hopefully in a months time will be able to announce the shale gas policy.

The government is planning to launch its first auction of shale gas block by 2013-end on terms that are likely to be remarkably different from those offered in bid rounds for oil and gas blocks.

The government is also planning to launch its first auction of shale gas block by 2013 end.

Source: Business Standard