Argentina Could Help India in Exploring for Shale Gas

Argentina is willing to help in developing shale gas resources in India, according to a report by Financial Express newspaper.

“The potential is huge, we are keen to increase the capacity and that is why we met ONGC. Also, we are pushing the government to change the current policy and allow foreign investors in the oil sector. We are keen on having a long-term policy,” said Mariano C Groppo, director, Lappco International, Argentina.

Currently only state owned energy firms, ONGC and Oil India, are allowed to explore for shale gas in India.  ONGC has started exploration in nearly 50 blocks, while Oil India is working on 3 blocks.

Groppo was in India as part of a business delegation.