US to Provide Support to India in Framing Shale Gas Regulation

The US Department of Commerce is to provide “active support” for the development of a regulatory framework to govern India’s upcoming round for the exploration and production of shale resources, Business Line said in a report.

This point figured in the discussion of a high level meeting of the US-India Energy Dialogue that took place in Washington DC, on Friday.

The United States Geological Survey will also help India in assessing the shale gas resources in India, a press released by the Indian Embassy in Washington DC said.

The US-India Energy Dialogue was launched on May 31, 2005, to promote increased trade and investment in the energy sector, through identification of further areas of co-operation and collaboration, while actively working with both the public and private sectors. Five working groups have been set up under the initiative in areas such as oil and gas, coal, power and energy efficiency, new technologies & renewable energy and civil nuclear co-operation.