Indiawillsoonlaunchitsfirst-everbidroundforexplorationofshalegas,gucciGHDirectorGeneralSKSrivastavasaidtoday.Theofferingofshalegasareaswould,however,be“subjecttocertainlegislationchanges,“headded.Indiahassofaronlyexploredandproducedconventionaloilandgasaswellasunconventionalsourceslikecoalbedmethane(CBM).Shalegas--gastrappedinsedimentaryrocksbelowtheearth‘ssurface--isthenewfocusareaintheUS,guccibag,CanadaandChinaasanalternativetoconventionaloilandgasformeetinggrowingenergyneeds.TheseunconventionaldepositshaveraisedestimatesforUSgasreservesfrom30yearsto100yearsatcurrentusagerates.ShalegasdepositswerenotconsideredworthtappingbeforeHoustonbi*ltstrong
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