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Definition of hydrocarbon amended
July 27 , 2018
2317 days
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- Union Ministry of Petroleum and Natural Gas has amended Petroleum and Natural Gas Rules 1959 to include shale in the definition of petroleum.
- This change will allow private companies to explore and produce the resource in the blocks they already operate.
- Earlier, definition excluded shale and therefore barred companies from exploiting it from fields that are producing conventional oil and gas or coal-bed methane.
- Shale is distinguished from other mudstones due to laminated and fissile nature.
- Shale gas is natural gas formed from being trapped within shale formations.
- Shale gas is cheaper than natural gas, releases 50% less CO2, hence better source for generating electricity.
- In India, potential shale gas sites are Cambay, Gondwana, Krishna-Godavari and Cauvery Basins.
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