Categorized Under: Energy
In this white paper, ICF International experts share their perspective on the potential for shale gas development in India and its potential to make a major contribution to Indian domestic gas supply. In January 2012, the United States Geological Survey (USGS) published an assessment of the shale gas potential in India. The USGS concluded that only 6 trillion cubic feet (Tcf) of recoverable natural gas potential is present in the three Indian basins it assessed—the Cambay, Cauvery, and Krishna-Godavari (KG) basins. By way of comparison, estimates for U.S. recoverable shale gas resources are between 500 Tcf and 2,000 Tcf, and the potential in China is estimated to be up to 1,275 Tcf. The low number for India was very surprising to many industry analysts given the size of the country, its diverse geology, its established oil and gas production in several regions, and recent announcements about shale gas work. It is important therefore for stakeholders to consider the USGS assessment in its proper context, what it means, and what it does not say about the resource potential of the country.
Vice PresidentICF International
Harry Vidas is a recognized authority on energy markets and forecasting. He leads a team of geologists, engineers, and economists to analyze North American and world natural gas and oil supply, transportation, and end use.
He has directed projects related to international oil and natural gas supply, gas processing, and LNG production; shipping, pipeline transmission, underground storage, gas-to-liquids processes; and synthetic fuels and end-use markets. He has worked in electric utility fuel use, price and capacity forecasting, and design and implementation of management information and planning systems. He has designed and implemented models to estimate expected future energy price distributions and optimum commodity sales portfolios.
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