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Oil and Gas: Recent Developments

Shale gas policy  for India

Summary: India is set to soon announce its policy for shale gas in a bid to increase domestic production. There are suggestions to club the exploration rights of areas in which shale blocks overlap with existing oil and gas blocks. The government is looking at developing a national data on the oil and gas assets as a measure to facilitate more investment in the sector.

Link: http://www.business-standard.com/article/economy-policy/shale-gas-policy-existing-operators-to-get-upper-hand-113040300513_1.html

 

Direct cash transfer of LPG subsidy in 20 districts from June 20

Summary: The government will test the ‘aadhar’ scheme’ for direct cash transfer to bank accounts for gas customers in ten districts in June 2013. This scheme is expected to check diversion of subsidized gas into the open market.

Link: http://articles.economictimes.indiatimes.com/2013-05-15/news/39282181_1_lpg-subsidy-domestic-lpg-consumers-aadhaar-numbers