A deep malaise in India

The Andhra Pradesh government has decided to bid for exploration of natural gas in the country

Ajay Modi / New Delhi July 27, 2009, 0:31 IST

Oil and Natural Gas Corporation (ONGC), the country

There has been a consistent lack of transparency and several governance lapses in the natural gas sector which have led to various kinds of concerns in important areas such as investment levels in blocks, availability of information regarding gas finds, content and process of arriving at pricing and utilisation policy, regulatory weaknesses and emerging market concentration.

Petitioners have raised the issue of land subsidence

Submergence of Krishna, Godavari deltas feared

The Word Bank (WB) is satisfied with the spending of its funds in Bangladesh during the first five months of the present government and pledged increased assistance for rapid socio-economic development of the country.

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Bangladesh, where natural gas reserves are falling while demand for power is rising fast, will not allow new power plants that cannot use both gas and coal, Finance Minister Abul Maal Abdul Muhith said on Sunday.

A US research team has found the most promising natural gas hydrate deposits yet under the US Gulf of Mexico, improving chances the ice-like formations will become a major energy source, scientists said on Thursday.

"It's very encouraging. We consider this expedition a major shift in our understanding," said Timothy Collett of the US Geological Survey, a leader of the research effort.

Gas has been discovered by the Oil and Gas Development Company in its exploratory Pasakhi-West deep well No 1 located in Hyderabad district in Sindh.

The wells were drilled down to the depth of 3.500 meters targeting to test the potentials of sand of lower Goru formation of cretaceous age.

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