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Monday, June 11, 2018

Economic super power


It is stunning to hear that Indian coasts, including that in Kochi, are rich in natural gas reserves. The new discovery by American Geological Survey, would help India to meet its energy needs for another 300 years.

Kochi Coast, Krishna-Godavari basin and Cauvery basin were found with almost 130 million cubic feet hydrate gas accumulations. The survey also reports that one-third of this reserve was found on the Kochi Coast. It is believed to be the biggest Natural Gas Reserve till date.

In order to reap the reserve in full potential  India would work on with its own advanced technology and not on with the assistance of private companies as did in the past. India along with ONGC. GAIL, Oil India, Indian Oil Corporation could make wonders in this regard. The presently found hydrate gas reserve would make India an economic super power.

K A Solaman

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