Ministry informed about the occurrence of natural gas in the Sri Vijayapuram 2 well at 17 km from the shoreline on the east coast of the Andaman Islands.
- India’s Hydrocarbon Resource Assessment Study (HRAS) estimates hydrocarbon resources of 371 million Metric Tons of Oil Equivalent (MMTOE) in the Andaman-Nicobar (AN) Basin.
- Geologically, the AN basin lies at the intersection of the Andaman and Nicobar Basins, part of the Bengal-Arakan sedimentary system.
- Tectonic setting at the boundary of the Indian and Burmese plates have created numerous stratigraphic traps conducive to hydrocarbon accumulation.
- Earlier, gas has been discovered in adjacent basins along North Sumatra (Indonesia) and Irrawaddy-Margui (Myanmar).
- The discovery aligns with India’s vision of establishing a Gas Based Economy by 2030 and increasing share of natural gas in its primary energy basket to 15 percent by 2030.
- Currently, India’s natural gas production meets only around 50% of its demand with rest demand being fulfilled through imports.
- Qatar, US and UAE are major sources of India’s Liquified Natural Gas (LNG) imports.
- Currently, India’s natural gas production meets only around 50% of its demand with rest demand being fulfilled through imports.
Initiatives for Natural Gas Exploration
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