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Lack Of Uniformity In Clearance Of Proposals Hurting Shale Explorers | Business Standard News

by business-standard.com posted 12months ago 126 views
Investment of over $2 bn by Great Eastern rejected, despite Cabinet giving nod to uniform licensing. : Lack of clarity on shale gas, despite the Cabinet clearing the uniform licensing policy for oil and gas exploration, seems to be hurting investors in the country. A shale gas exploration plan, with Investment to the tune of $2 billion over a period of 10 years by London Stock Exchange-listed Great Eastern Energy Corporation (GEECL), has now been rejected by the ministry of environment and forests (MoEF).

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