Great Eastern Energy Corporation has announced its plans to explore and extract shale gas from its existing reserve.
According to the West Bengal-based coal-bed methane extraction firm’s managing director and chief executive officer Prashant Modi, “We believe that the shale gas resources can be explored and developed cost-effectively in tandem with our successful ongoing Coal bed methane development program through sharing of surface and other infrastructure facilities.”
He was quoted as saying by ET: “We are currently planning initial exploration program for exploiting shale in our block, and will make further announcements in due course when we commence the same.”
He added: “This is a fantastic opportunity for us to leap to the next level in the unconventional energy space. We continue to be confident and excited about the future of our Raniganj (South) block.”
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