Bloomberg – by Jonathan Crawford
A joint expedition by India and the U.S. discovered a major deposit of natural gas in the Indian Ocean, offering the potential to significantly expand energy production in a region that’s currently a big importer.
India’s Ministry of Petroleum and Natural Gas and the U.S. Geological Survey struck a large, highly enriched deposit of natural gas hydrate — an icy form of the fuel — in the Bay of Bengal off the country’s east coast, potentially the first producible reserve of its kind in the waters, the U.S. agency said in a statement Monday. Continue reading “India, U.S. Discover Major Natural Gas Reserve in Indian Ocean”

