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Time of India
11 hours ago
- Business
- Time of India
Huge methane gas reserve found in western Nepal
A preliminary report published on Thursday has revealed that the total methane gas reserves in western Nepal could reach approximately 430 billion cubic metres, enough to possibly meet the Himalayan nation's demand for gas for around 50 years. The report, prepared by the China Geological Survey (CGS), presented initial findings from just one of the four targeted wells in Jaljale area of Dailekh district, raising the possibility of the Himalayan nation tapping into domestic sources of energy, according to government daily Gorkhapatra. The findings were shared with the government of Nepal on Thursday. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2024-2025 Models: Small SUVs Are Turning Heads (Take A Look) FrequentSearches | Search Ads Learn More The exploration was carried out under a bilateral agreement signed in 2019 between Nepal and China. "The first drilling operation, launched on May 11, 2021, reached a depth of more than 4,000 metres, revealing an estimated 1.12 billion cubic metres of methane in a single well," the report said. Live Events "The report represents initial findings from just one of four targeted wells. Based on early estimates, the total reserve in the area could reach 430 billion cubic metres, which could possibly meet Nepal's demand for gas for around 50 years," Gorkhapatra said. Dinesh Kumar Napit, Deputy Director General at the Department of Mines and Geology, and head of the Petroleum Exploration Project said that the site is the deepest and most scientifically advanced exploration carried out in Nepal to date. The government has allocated 45 ropanis of land equivalent to 2,50,000 sq ft area, which is less than 1 sq km, for the project. Further testing is underway to assess gas quality, commercial viability, and economic potential. "The final report from the Chinese team is expected by the end of this year, with plans to begin commercial production testing thereafter," the newspaper said. This project - entirely grant-funded by the Chinese government - is considered a pilot initiative, with the CGS providing technical and financial support. The initial estimated cost was Rs 2.5 billion, though delays caused by the COVID-19 pandemic, led to escalation.
Economic Times
11 hours ago
- Business
- Economic Times
Huge methane gas reserve found in western Nepal
Synopsis A recent report indicates that western Nepal may possess approximately 430 billion cubic metres of methane gas reserves. This could potentially fulfill the nation's gas demand for about 50 years. Initial findings from a Chinese-led exploration project in the Dailekh district revealed significant methane deposits in a single well. A preliminary report published on Thursday has revealed that the total methane gas reserves in western Nepal could reach approximately 430 billion cubic metres, enough to possibly meet the Himalayan nation's demand for gas for around 50 years. ADVERTISEMENT The report, prepared by the China Geological Survey (CGS), presented initial findings from just one of the four targeted wells in Jaljale area of Dailekh district, raising the possibility of the Himalayan nation tapping into domestic sources of energy, according to government daily Gorkhapatra. The findings were shared with the government of Nepal on Thursday. The exploration was carried out under a bilateral agreement signed in 2019 between Nepal and China. "The first drilling operation, launched on May 11, 2021, reached a depth of more than 4,000 metres, revealing an estimated 1.12 billion cubic metres of methane in a single well," the report said. "The report represents initial findings from just one of four targeted wells. Based on early estimates, the total reserve in the area could reach 430 billion cubic metres, which could possibly meet Nepal's demand for gas for around 50 years," Gorkhapatra said. ADVERTISEMENT Dinesh Kumar Napit, Deputy Director General at the Department of Mines and Geology, and head of the Petroleum Exploration Project said that the site is the deepest and most scientifically advanced exploration carried out in Nepal to date. The government has allocated 45 ropanis of land equivalent to 2,50,000 sq ft area, which is less than 1 sq km, for the project. Further testing is underway to assess gas quality, commercial viability, and economic potential. ADVERTISEMENT "The final report from the Chinese team is expected by the end of this year, with plans to begin commercial production testing thereafter," the newspaper said. This project - entirely grant-funded by the Chinese government - is considered a pilot initiative, with the CGS providing technical and financial support. The initial estimated cost was Rs 2.5 billion, though delays caused by the COVID-19 pandemic, led to escalation. (You can now subscribe to our Economic Times WhatsApp channel) (Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates. NEXT STORY
