Cbm Output To Start By Year-End

Image
Our Energy Editor BUSINESS STANDARD
Last Updated : Jan 28 2013 | 1:52 AM IST

Coal bed methane (CBM) production in the country was expected to start in West Bengal by the end of the year, Petroleum Minister Ram Naik said today.

He said the Raniganj South block was likely to start the production of 1.5 million standard cubic metres per day (mmscmd) of gas from the coal bed.

Commercial production of the gas would, however, begin only in 2005, he added. Naik was speaking at a roadshow to promote the second round of bidding for CBM blocks.

Also Read

State-owned Oil and Natural Gas Corporation (ONGC) had spent about Rs 30 crore on the Jharia block and about Rs 4 crore on the Raniganj block.

While the Jharia block is expected to produce about 1 mmscmd of gas within the next two years, the Raniganj block is expected to produce about 2 mmscmd.

India will be the fourth country after the US, Australia and China to join the global league of CBM-producing nations. The country is expected to produce 10-12 mmscmd of gas by 2005-06.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 28 2003 | 12:00 AM IST

Next Story