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India has invited investments in exploration and production of Coal bed Methane in the country that would go a long way in supplementing gas requirements.
Minister of Petroleum and Natural Gas Ram Naik and Minister of Coal Karia Munda are currently in Houston for the CBM-II Promotional Road Show to invite investments for the exploration and production of Coal Bed Methane in India.
Investment in CBM will help in meeting the gas requirements of India, they said in a release.
The ministers are accompanied by their senior officers. J M Mauskar, joints, Ministry of petroleum and natural gas made a presentation on the "attractive fiscal and contractual terms" offered by the Government of India under CBM-II.
Avinash Chandra, director general, hydrocarbons, made a presentation on the technical features of the 9 blocks on offer.
Naik and Munda expressed happiness at the "excellent response" to the roadshows by CBM companies in the US.
A total of 85 delegates from over 30 companies, oil and gas field service providers and other organizations participated in the Houston roadshow.
The companies, which participated in the roadshow included Chevron Texaco, Occidental Petroleum, CDX Gas, El Paso Production, Duke Energy and Burlington Resources, Inc.
Large size seismic companies were also represented.