Coal Bed Methane Current Affairs - 2019

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Cabinet approves policy framework for exploitation of unconventional hydrocarbons

Union Cabinet has approved policy framework to permit exploration and exploitation of unconventional hydrocarbons such as Shale oil/gas, Coal Bed Methane (CBM) etc. It will be carried out under existing Production Sharing Contracts (PSCs), CBM contracts and Nomination fields to encourage existing contractors in licensed or leased area to unlock full potential of unconventional hydrocarbons Read More…

Month:  Categories: Environment & Biodiversity

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CCEA approves framework for Coal Bed Methane extraction by Coal India

The Cabinet Committee on Economic Affairs (CCEA) has relaxed rules for state-owned Coal India Ltd (CIL) for extraction of Coal Bed Methane (CBM) lying below coal seams in its blocks in bid to quickly boost production.  Till now, CIL had to apply to oil ministry for a licence to extract coal-bed methane (CBM) from its Read More…

Month:  Categories: Business, Economy & Banking

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CCEA approves Policy for Early Monetization of Coal Bed Methane Gas

The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved Policy for Early Monetization of Coal Bed Methane (CBM) Gas Marketing and Pricing Freedom for CBM Gas. The policy provides marketing and pricing freedom to the CBM Contractors to sell the CBM at Arm’s Length Price in the domestic market.  Read More…

Month:  Categories: Environment & Biodiversity

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