US to help India exploit shale gas

By Siddhartha P Saikia Mar 31 2010 , Cancun, Mexico

India’s endeavour to attain energy security received a leg up after United Stated to partner Asia’s leading energy consumer to develop shale gas.

The partnership has been disucssed between India’s petroleum minister Murli Deora and US deputy secretary of energy, Daniel Poneman on sidelines of twelfth International Energy Forum in session at Cancun, Mexico.

Shale gas has emerged as new and clean source of energy after its exploitation in US over the past one decade. Now, companies in Canada, Europe, Asia and Australia are working towards finding ways for economic exploration of the gas. According to preliminary reports, India has huge shale deposits in several coastal states, Assam, Gujarat and Rajasthan among others.

India has nearly 1,894 trillion cubic metres of gas hydrates as per preliminary survey. The central government is planning to set up a separate agency to look aft-er gas hydrate programme.

"They (US) have given a paper to us. Oil and Natural Gas Corporation (ONGC) and directorate general of hydrocarbon (DGH) will evaluate India’s shale gas potential and evaluate how both the countries can work together for its exploitation," a petroleum ministry official told reporters at Cancun.

"We are in the initial stage of shale gas exploration. Partnership with US will help us to develop the new source of energy," he added.

India’s partnership with US is likely to enlist geological assistance to find the gas and later evaluating ways to make it available for use. Economic viability in extraction of shale gas is a big problem because establishing flow of gas through rocks is tough.

"The challenge developing countries (like India) face today is how to provide all their citizens access to modern forms of energy at affordable prices and in an environmentally sustainable manner," Deora said while addressing twelfth International Energy Forum.

Source: http://www.mydigitalfc.com/news/us-help-india-exploit-shale-gas-039

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