Coal Bed Methane (CBM) is an environment-friendly clean fuel similar to natural gas. CBM blocks fall in the States of Assam (1), part Chhattisgarh & part Madhya Pradesh(1), Jharkhand (1), Madhya Pradesh (2),
Maharashtra (2), Orissa (2) and Tamil Nadu (1).
The Government of India has enacted ‘The Petroleum and Natural Gas Regulatory Board Act, 2006’. The
Board has been constituted on 25th June, 2007.
IPI - Iran-Pakistan-India Gas Pipeline Project
TAPI - Turkmenistan-Afghanistan-Pakistan-India Gas Pipeline Project
VISION-2015 - Government has finalized the Vision -2015 for the oil sector for ‘Customer Satisfaction and
Beyond’ which focuses on providing better services to customers.
Rajiv Gandhi Gramin LPG Vitarak Yojana (RGGLVY) for small size LPG distribution agencies has been
launched on 16.10.2009.
The LPG agencies under the RGGLVY will be of small size requiring lesser finance/ infrastructure.
The distributor himself will manage the agency with the help of his/ her family member and one or two employees.
ONGC Videsh Limited (OVL) is likely to produce about 8.14 Million Metric Tonnes (MMT) of oil and equivalent gas during the year 2009-10 from its assets abroad in Sudan, Vietnam, Russia, Syria, Venezuala, Brazil and Colombia.
NEW EXPLORATION LICENSING POLICY - Government of India approved the New Exploration
Licensing Policy (NELP) in 1997 and it became effective in February, 1999. Since then licenses for
exploration are being awarded only through a competitive bidding system and National Oil Companies (NOCs) are required to compete on an equal footing with Indian and foreign companies to secure Petroleum Exploration Licences (PELs).
OIL AND NATURAL GAS CORPORATION LIMITED (ONGC)
Oil & Natural Gas Commission was established on 14th August, 1956 as a statutory body under Oil & Natural Gas Commission Act (The ONGC Act), for the development of petroleum resources and sale of
petroleum products. ONGC was converted into a Public Limited Company under the Companies Act,
1956 and named as “Oil and Natural Gas Corporation Limited” with effect from 1st February, 1994.
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