You are currently viewing It is said the India has substantial reserves of shale oil and gas, which can feed the needs of country for quarter century. However, tapping of the resources doesn’t appear to be high on the agenda. Discuss critically the availability and issues involved.
India has large shale oil and gas reserves, estimated to be around 96 trillion cubic feet. However, there are several challenges to tapping these resources, which include:

It is said the India has substantial reserves of shale oil and gas, which can feed the needs of country for quarter century. However, tapping of the resources doesn’t appear to be high on the agenda. Discuss critically the availability and issues involved.

India has large shale oil and gas reserves, estimated to be around 96 trillion cubic feet. However, there are several challenges to tapping these resources, which include:

  1. Technical difficulties: Shale oil and gas extraction requires advanced technology and high levels of expertise, which India lacks at present.
  2. Infrastructure: The lack of proper infrastructure and transport facilities is a major hindrance to the development of shale oil and gas production in India.
  3. Regulatory framework: The absence of a clear and favorable regulatory framework is a significant obstacle to the development of shale oil and gas in India.
  4. Environmental concerns: The extraction of shale oil and gas through hydraulic fracturing (fracking) can cause environmental damage, including contamination of water resources and increased air pollution.
  5. Economic viability: The cost of shale oil and gas production in India is higher compared to conventional oil and gas production, which affects its economic viability.
  1. Water scarcity: The process of fracking requires large quantities of water, which is a scarce resource in many parts of India.
  2. Land acquisition: Shale oil and gas production often involves acquiring large tracts of land, which can lead to conflicts with local communities and farmers.
  3. Public perception: There is a general lack of awareness about shale oil and gas among the public in India, which can create resistance to its development.
  4. Competition with renewable energy: The development of shale oil and gas production in India will likely compete with the growth of renewable energy sources, such as wind and solar power, which may limit its potential growth.
  5. Dependence on imports: Despite the presence of substantial shale oil and gas reserves in India, the country is still heavily dependent on imports to meet its energy needs. This limits the impact of domestic shale production on energy security.
  6. Lack of investment: The oil and gas industry in India is capital-intensive, and the lack of investment from both domestic and international sources is a major challenge to the development of shale oil and gas production.

Despite these challenges, there is a growing consensus that shale oil and gas will play a significant role in meeting India’s energy needs in the future. The government is taking steps to address the issues mentioned above and to promote the development of shale oil and gas production.

Read Also: How does India see its place in the economic space of rising natural resource rich Africa?

Leave a Reply