INDIA aims to increase Coal Bed Methane (CBM) production to 5.0 million metric standard cubic metres per day (MMSCMD) by 2027-28, strengthening domestic energy security and reducing dependence on imported natural gas, according to the Ministry of Petroleum and Natural Gas.
With strong policy support, technological advancements, and rising investments, the CBM sector presents a lucrative opportunity for both domestic and international energy companies.
With policy reforms and advanced drilling technologies, CBM production is expected to grow significantly, helping reduce reliance on conventional fossil fuels. India is taking major steps to develop CBM as a key energy source, creating new investment opportunities in the unconventional hydrocarbon sector.
The government has been actively working to expand CBM exploration. Through two special bid rounds in 2021 and 2022, seven new CBM blocks were added, bringing the total number to 15 blocks.
These new blocks come with a committed investment of US$16.64 million for exploration, signalling strong interest from energy companies in India’s CBM reserves. To support CBM development, the government introduced the Policy for Exploration and Exploitation of Unconventional Hydrocarbons.
ANI
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