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GEECL plans to invest USD 2 billion in shale gas exploration
Dec. 1, 2018

GEECL plans to invest USD 2 billion in shale gas exploration

India-based Great Eastern Energy Corp (GEECL) is planning to put in approximately $2 billion to exploit shale gas reserves in West Bengal’s Raniganj block. The company is looking to begin the initial exploration work of drilling core wells in 2019. GEECL has reached an initial understanding with state-owned GAIL (India) for an offtake or a transmission agreement through the upcoming Jagdishpur-Haldia & Bokaro-Dhamra pipeline.

The first U.S. shale gas cargo to arrive in Middle East
May 14, 2018
Source: World Oil

The first U.S. shale gas cargo to arrive in Middle East

Israel will receive a cargo of U.S. shale gas. Since exports began in 2016, it is the first to arrive in the Middle Eastern nation from America’s shores. The vessel is called British Diamond and is beneficially owned by BP Plc. America is poised to compete with Qatar and Australia in global LNG dominance in the times to come.

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