Summary
India's Essar Oil & Gas Exploration is speeding up its plans to pursue exploration of unconventional hydrocarbons in India on the back of investor-friendly upstream policy reforms undertaken in recent years.
The company's CEO, Vilas Tawde, said coalbed methane and shale gas would figure prominently in Essar's portfolio in coming years, as it aims to carve out a niche for itself at a time when India is making concerted efforts to boost the share of gas and clean fuels in its energy mix.
"Unconventional hydrocarbons is our prime focus and we are going to pump a lot of funds into that sector in India in coming years. We want to play a l......