Oct 24, 2006 :: India to survey gas hydrates
Although great odds are to be overcome before they are extracted, gas hydrates found deep in the oceans, are a fuel resource no nation is likely to leave alone. India’s stock of gas hydrates is said to be nearly 2,000 times its conventional gas reserves. India has now decided to spend $4 billion to survey 100 sq.km along the Andhra Pradesh and Andaman coasts. No assured extraction process exists yet as one has to contend with technological, environmental and safety risks. But no one is likely to shy away because of that: estimated worlwide reserves are said to be sufficient to meet world’s needs till late 21st century. India has begun to make its own moves.