Govt nod for natural gas exploration in areas allotted to Coal India

Note4students

Mains Paper 3: Economy | Infrastructure: Energy, Ports, Roads, Airports, Railways etc.

From UPSC perspective, the following things are important:

Prelims level: Cabinet committee on economic affairs (CCEA), coal bed methane (CBM)

Mains level: India’s energy security concerns and measures taken to overcome them


News

Exploring natural gas

  1. The cabinet committee on economic affairs (CCEA) has approved exploration and production of natural gas from areas allotted to state-run Coal India Ltd
  2. This will help expand India’s coal bed methane (CBM) sector

Push for a gas-based economy

  1. India has been pushing for a gas-based economy
  2. As the world’s fourth-largest liquefied natural gas (LNG) importer, it has been trying to leverage the glut in global LNG supplies to renegotiate its contracts
  3. The decision will help India’s natural gas production and reduce the demand-supply gap in the country
Oil and Gas Sector – HELP, Open Acreage Policy, etc.
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