Exporting gas is capital intensive industry and would require huge investments for creating terminal facilities. Are we ready to commit such investments if we acquire shale gas blocks abroad and want it to be exported to India?
Economics will have to be worked out because gas, though cheaper locally, may become quite expansive if imported due to add-on cost of liquefaction. India, considered one of the largest holders of the shale gas energy would be ready field for local companies to venture .
Why is it necessary for companies like ONGC to get into shale business abroad unless it is pure business and not an energy security proposition? Other companies venturing out to buy into shale gas blocks may be doing so to get techno-commercial expertise before bidding starts for Indian shale reserves.
Economics will have to be worked out because gas, though cheaper locally, may become quite expansive if imported due to add-on cost of liquefaction. India, considered one of the largest holders of the shale gas energy would be ready field for local companies to venture .
Why is it necessary for companies like ONGC to get into shale business abroad unless it is pure business and not an energy security proposition? Other companies venturing out to buy into shale gas blocks may be doing so to get techno-commercial expertise before bidding starts for Indian shale reserves.
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