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Rise in Coal Bed Methane (CBM) Production in India: A Major Breakthrough Towards Energy Security

News

Energy multinational Essar Oil is in the process of ramping up production of coal bed methane by four times. 

Source:  ET

SNP Insights

Essar ramping up production up to four times, will give major thrust towards commercial viability of Coal Bed Methane(CBM) exploration, & will ensure rise in profit for the company, along with will raise investment sentiments of other players. Commercial success of Essar in CBM production, will prompt other major players like ONGC & CIL, to come out with action plan, for CBM exploration, who are sitting on huge pile of CBM field, in Rajmahal, Bokaro & Raniganj Coal Field.

Source: SNP Infra Research