Bengal Chambers holds session on Shale Gas

Last Updated: Sat, May 18, 2013 08:13 hrs

The Bengal Chamber of Commerce and Industry on Friday hosted a discussion forum on 'Shale Gas, A Game changer in Energy', in the context of Energy Security, Economic Opportunities and Technology.

President of the Bengal Chamber of Commerce and Industry, Kallol Dutta; the chairman and Managing Director Oil and Natural Gas Corporation Ltd, Sudhir Vasudeva; the President and Chief Operating Officer Great Eastern Energy Corporation Ltd, Prashant Modi Professor; the Chairman of West Bengal Pollution Control Board, B. K Dutta and Director General of Bengal Chamber of Commerce and Industry, P. Roy were present in the discussion forum.

Sudhir Vasudeva said, "Current consumption of petroleum is more than 3 million barrels per day which is 50 million tons of oil per year. It will reach about 8 millions per day by 2030 and the situation will be worse. In recent times the colossal rise in demand resulted in shortage of energy."

"Mother Earth has bestowed us with abundant resources, but the challenge is that it needs technological conservations to produce that. The phenomenal success of Shale Gas not only brought the attention of the energy industry but the whole world," Vasudeva added.

West Bengal Minister of Commerce and Industry, Partha Chatterjee said, "I am delighted to be a part of this ceremony, a new alternative energy resource of Shale Gas which I understand which prove to be a game changer in energy."

The Minister added, "Shale Gas contributes to 17 percent of the total gas production. With the valuable inputs from the experts we will soon be catching the developing countries like US in meeting our energy needs through contributions from Shale Gas resources."

(Reporting by Shubhrima Dutta)

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