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Business
Essar Oil & Gas Secures Five Coal‑Bed Methane Blocks in West Bengal, Madhya Pradesh and Telangana
✍️ ET EnergyWorld
🗓 16 Oct 2026, 02:36 AM
👁 8
Essar Oil & Gas announced the acquisition of five coal‑bed methane blocks spread across West Bengal, Madhya Pradesh and Telangana, expanding its upstream portfolio.
Essar Oil & Gas disclosed that it has secured five coal‑bed methane (CBM) blocks located in three Indian states – West Bengal, Madhya Pradesh and Telangana. The blocks were awarded through a competitive bidding process, and the company will now move to develop the reserves under its upstream strategy.
The acquisition marks a significant expansion of Essar's natural gas portfolio, as CBM is viewed as a cleaner alternative to conventional coal and an important source of domestic gas supply. Analysts note that the addition of these blocks could bolster the company's production capacity and support India's broader energy security goals.
Essar Oil & Gas has not released detailed estimates of the reserves or the timeline for commercial production. The company indicated that it will conduct further geological assessments and engage with state authorities to obtain necessary clearances before commencing drilling activities.
The announcement was reported by ET EnergyWorld, highlighting the growing interest of major energy players in India's unconventional gas resources.
The acquisition marks a significant expansion of Essar's natural gas portfolio, as CBM is viewed as a cleaner alternative to conventional coal and an important source of domestic gas supply. Analysts note that the addition of these blocks could bolster the company's production capacity and support India's broader energy security goals.
Essar Oil & Gas has not released detailed estimates of the reserves or the timeline for commercial production. The company indicated that it will conduct further geological assessments and engage with state authorities to obtain necessary clearances before commencing drilling activities.
The announcement was reported by ET EnergyWorld, highlighting the growing interest of major energy players in India's unconventional gas resources.