Successful Shale Gas Tapping by U.S triggers ONGC to Explore the Global Shale Gas Market
Oil & Natural Gas Corporation today said it has prioritized exploitation and exploration of unconventional energy . It said the accomplishment of US in shale gas has set off an overall push for tapping the eccentric sources.
“In FY 2013-14, we drilled the first shale well at Jambusar, Cambay Basin, Gujarat, and total seven wells so far in the same basin. In the process, we have established the presence of shale gas in the Cambay basin,” ONGC chairman DK Saraf said in his address to shareholders at the company’s annual general meeting today.
The organization had prior secured the vicinity of shale gas in the Damodar bowl in West Bengal even before the declaration of shale gas strategy by the Government of India.
To position itself suitably in environmentally friendly green energy measures , it is near to start its its second wind force ranch of 102 MW in Rajasthan, while the first such unit of 51mw in Gujarat is now creating force since 2009.
ONGC Energy Center, a trust set up by the organization to seek after novel vitality alternatives, is seeking after top of the line innovative work in the alternative energies such as hydrogen, uranium, geothermal, and others.
Thus, shale gas as an alternative is getting popular across the globe. There has been a global trend in the increased use of shale gas. A report on Big Market Research expects the global shale gas market to attain a high growth rate. One major reason for the growing market is depleting natural resources. The report covers all the important parameters of the market.