CIL looks into shale gas, coal-bed methane options
The world’s largest coal producer Coal India Ltd (CIL) may diversify into coal-bed methane (CBM) and shale gas. Amid the turf war between the petroleum ministry and coal ministry over the authority over natural resources like CBM and shale, the Kolkata-based coal major today cautioned that due to practical and safety issues, it does want any other player to do operations in its lease-hold areas.
Though current rules forbid coal miners to venture into CBM, reports suggest that the petroleum ministry has given in-principle approval for a new policy on CBM in coal mining areas.