Coal India Looking at CBM and Shale Gas

Coal India is interested in tapping shale gas, to improve its bottomline and allow the Government of India to reduce imports of natural gas in the process.

Caught napping when the government permitted the exploration of coal bed methane gas, CIL does not want to miss a similar opportunity this time around, as the government is very keen to step up exploration for natural gas.

"We want to go ahead in the coal-related value chain and tapping shale gas is one such move," CIL Chairman Partha S Bhattacharjee told Press Trust of India.

Asked if the government will allow the CIL to get into the shale gas business, Bhattacharjee said, "We will try to convince the government to allow us to tap the gas as we are the largest coal miner, with the largest coal reserves.

Source: MoneyControl