Shale Gas Race Begins - Reliance One of the Players - India Renewable Energy Consulting – Solar, Biomass, Wind, Cleantech
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RIL had acquired two shale gas assets in the US in the last couple of months, and this should not have surprised anyone.

There is currently a shale gas mania, with analysts predicting that shale gas based natural gas could become the leading energy component in the US and perhaps in countries like India too, in a decade from now.

Reliance obviously is not the first to make major acquisitions in this area.

Dec 2009 – ExxonMobil bought shale gas assets of XTO Energy for $30 billion

Jan 2010 – French oil company Total SA shale assets from Chesapeake Energy for $2.6 billion

Apr 2010 – Reliance bought 40% stake in Atlas Energy’s shale gas field for $1.7 billion

May 2010 – Royal Dutch Shell bought a majority stake in East Resources for $4.7 billion

June 2010 – Reliance buys a stake in Pioneer Natural Resources for $1.35 billion

The shale gas acquisitions is likely to continue for a while…expect ONGC to get into the play soon too (just my guess, don’t read between words!)



About Narasimhan Santhanam (Narsi)

Narsi, a Director at EAI, Co-founded one of India's first climate tech consulting firm in 2008.

Since then, he has assisted over 250 Indian and International firms, across many climate tech domain Solar, Bio-energy, Green hydrogen, E-Mobility, Green Chemicals.

Narsi works closely with senior and top management corporates and helps then devise strategy and go-to-market plans to benefit from the fast growing Indian Climate tech market.

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