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Cabinet simplifies coal bed methane extraction from CIL blocks

IANS  |  New Delhi 

Simplifying procedures for exploration of bed (CBM) gas from blocks allotted to India Ltd (CIL), a cabinet panel on Wednesday allowed relaxation to the and its subsidiaries from applying for grant of license for extracting in their bearing areas.

Earlier, CIL had to apply to the for a licence for the purpose.

The approved amending an earlier notification issued by the in this regard, an official statement said following a cabinet meeting.

"Due to this amendment relaxation is granted under the Petroleum and Rules 1959 (PNG Rules, 1959) to Ltd and its subsidiaries for not applying for grant of licence/lease under the PNG Rules 1959 for extraction of under their coal bearing areas," a release said.

The move will expedite the exploration and exploitation of CBM, enhance the availability of and reduce the demand-supply gap and is in line with the government's initiatives for ease of doing business, it said.

"The increased development activities for exploration and exploitation of in and around the block will generate economic activities which in turn has potential to create employment opportunities in CBM operations and in the industries," the statement added

--IANS

bc/vd

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, April 11 2018. 22:22 IST
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