India is a country where there is enormous scope for new and varied sources of Natural gas. With a towering demand for energy, India has been constantly developing more supply options. India has also been increasing its imports for Crude oil and Coal; however these imports have an effect on India’s finances. Therefore a solution is to discover opportunities for non-conventional fuels like shale gas and coal bed methane. In fact considering the decline India saw in its power generation in September this year, it is of utmost importance to tap these non-conventional sources of energy.
Shale gas and Natural gas have come out to be the answer to the energy shortage. US have seen a boom in its exploration and so does India plan boost its Gas exploration. According to EIA estimates, India has 96 Trillion cubic feet of recoverable Shale Gas. In light of this fact, producing Shale Gas could be a promising alternative for India. It is only then that India will realize its dream of being energy self-sufficient by 2030.
India is on its way to come out with the “Shale Gas Policy” however the policy faces a few issues. The issues are regarding the availability of water in these areas and the land where the exploration will take place. The land acquisition bill 2013 is yet another challenge that faces India. Compared to the USA India will not have the same ease to extract Shale Gas.
With some amount of cooperation from all the parties involved, India’s energy shortage may soon be a history.