Coal India in talks with Gail, IOC CBM JVs

Coal India in talks with Gail, IOC for CBM JVs

11:00 AM, 8th February 2019
Coal India logo

KOLKATA, INDIA: Coal India is in talks with Gail India and IOC for joint ventures to develop coal bed methane fields and sell the produce. Coal India has already lined up investments to the tune of Rs 3,000 crore for its methane projects, reported Economic Times (ET). The joint ventures are also likely to enable Coal India inject coal bed methane into the proposed Urja Ganga gas pipeline that aims to meet energy requirements of 40 districts and 2,600 villages covering Uttar Pradesh, Bihar, Jharkhand, Odisha and West Bengal.

In June last year, the Cabinet Committee on Economic Affairs had waived the requirement for procuring separate licences from the ministry of petroleum and natural gas for taking up coal bed methane projects on its lease hold areas.

Following the development, the world’s largest coal producer lined up two coal bed methane projects at an estimated investment of Rs 3,000 crore.

The first project will be undertaken by Coal India subsidiary, Bharat Coking Coal, at Jharia coalfields in Jharkhand. This block is estimated to hold methane reserves of 25 billion cubic meters and is expected to start production two years after the project is initiated.

The second project at Ranigunj in West Bengal is to be undertaken by Eastern Coalfields. The block holds around 3 billion cubic meter of coal bed methane that can be viably extracted and sold.

“Having learnt about Coal India’s coal bed methane projects, both Gail India and IOC expressed interest,” a senior CIL executive told ET on condition of anonymity.

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Indian Oil to shut half of Panipat refinery for a month

NEW DELHI, INDIA: Indian Oil Corp, the country’s top refiner, will shut half of its 300,000 barrels per day Panipat refinery in northern Haryana ...

Read more
Nalco among the ten companies selected by ISRO for transfer of lithium-ion technology

BENGALURU, INDIA: Indian Space Research Organisation has selected ten companies for transfer of its lithium-ion cell technology. The selected firms ar ...

Read more
BASF to partner with Adani on €2 billion acrylics value chain in Mundra

LUDWIGSHAFEN, GERMANY/ AHMEDABAD, INDIA: BASF SE and Adani Group have signed a Memorandum of Understanding (MoU) during the Vibrant Gujarat Global Sum ...

Read more
Air Liquide makes strategic investment in decarbonated hydrogen production

PARIS, FRANCE: Air Liquide acquired an 18.6 percent stake in the capital of the Canadian company Hydrogenics Corporation, a leader in electrolysis hyd ...

Read more
Evonik acquires US-based startup Structured Polymers

ESSEN, GERMANY: Evonik has acquired Structured Polymers Inc, a US-based technology startup for 3D printing materials headquartered in Austin, Texas. A ...

Read more
AkzoNobel launches Dulux products providing sustainable solutions

BENGALURU, INDIA: AkzoNobel introduced two revolutionary products in the Dulux Professional catalogue. Dulux Professional Weathershield TR E2000 and D ...

Read more