Coal Bed Methane Production to Reach 844 MMSCM in FY24

By By Rediff Money Desk, NEWDELHI
Dec 06, 2023 14:43
India's coal bed methane production from 12 active blocks is projected to reach 844 MMSCM in FY24 and 1,133 MSCM in FY25, Parliament was informed.
Photograph: Amit Dave/Reuters
New Delhi, Dec 6 (PTI) The production of coal bed methane from 12 active blocks is projected at 844 Million Standard Cubic Meters (MMSCM) in the current fiscal and 1,133 MSCM in the next financial year, Parliament was informed on Wednesday.

Of the 12 Coal Bed Methane (CBM) blocks active at present, five are in the production phase, three in the development phase and four under the exploration phase.

CBM is an unconventional form of natural gas found in coal deposits or coal seams.

Replying to a query in Lok Sabha, coal minister Pralhad Joshi said, "At present, 12 CBM blocks are active, 5 of which are in the production phase, 3 in the development phase and 4 blocks (awarded during SCBM-21) are under the exploration phase."

The Centre formulated a CBM policy in 1997 and a Memorandum of Understanding (MoU) was signed between the Ministry of Coal and the Ministry of Petroleum and Natural Gas to act in a cooperative manner for the development of CBM.

As per the policy, the Ministry of Petroleum & Natural Gas (MoPNG) became the administrative ministry and the Directorate General of Hydrocarbons (DGH) was made the nodal agency for the development of CBM in the country.

MoPNG in consultation with the Ministry of Coal has identified and offered CBM blocks from coal-bearing areas.

In a partial modification of CBM policy in 2018, the Centre granted the exploration and exploitation rights of CBM to Coal India Limited (CIL) and its subsidiaries from coal bearing areas for which they possess mining lease for coal.

Coal India accounts for over 80 per cent of domestic coal output.
Read More On:
coal bed methanecbmnatural gascoalindia
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

Startup & MSME Patent Filings Surge 310% in 5...

Patent filings by startups and MSMEs have skyrocketed in India, increasing by 310% over...

Black Box Q4 Order Jumps Over Twofold to Rs...

Black Box, Essar Group's IT firm, reported a significant jump in order wins for Q4...

Zuari Industries Partners with ICAR-ISRI for...

Zuari Industries and ICAR-ISRI collaborate on a sugarcane development program to...

TCS Launches SovereignSecure Cloud for India

TCS announces SovereignSecure Cloud, an indigenous and secure cloud for government and...

Tech Mahindra Q4 Profit Surges 77% to Rs 1,167...

Tech Mahindra reported a 77% jump in Q4 FY25 profit to Rs 1,167 crore, driven by strong...

Axis Bank Q4 Profit Flat at Rs 7,118 Cr |...

Axis Bank reported a marginal decline in net profit to Rs 7,117.5 crore in the March...

No Tax Deductions for Sebi, Competition Act...

CBDT rules out tax deductions for expenses incurred to settle proceedings under Sebi,...

Adani Energy Shares Surge 3% on Q4 Profit Jump

Adani Energy Solutions Ltd shares closed nearly 3% higher after reporting an 87% rise...

Jaypee Infratech to Invest Rs 6K Cr to Complete...

Suraksha Group-controlled Jaypee Infratech will invest Rs 6,000 crore to complete...

Jaypee Infratech to Complete 20,000 Homes in 3...

Suraksha Group-led Jaypee Infratech will invest Rs 6,000 crore to complete 20,000...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com