The cabinet approved its shale gas and oil exploration policy on Tuesday, a minister said, but gave no further details.
India, the world's fourth-largest consumer of energy, could be sitting on as much as 96 trillion cubic feet (tcf) of recoverable shale gas reserves, equivalent to about 26 years of the country's gas demand, according to the US Energy Information Administration. Also read: Govt unlikely to hike diesel price by Rs 5/litre
But production from shale remains a long way off for India, which relies on imports for much of its energy needs.
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