India Signs Accord With U.S. to Assess Shale-Gas Reserves
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India signed a preliminary shale-gas accord with the U.S. as the South Asian nation prepares to auction blocks of the unconventional fuel next year.
The agreement is aimed at determining shale-gas reserves in India, Oil Minister Murli Deora said in New Delhi today. The U.S. will also help India prepare for its first shale-gas auction, scheduled to be held by the end of 2011, Oil Secretary S. Sundareshan said.