Sources indicate that the government may give the first right of refusal to holders of oil and gas blocks if the block overlaps with the block that the government intends to offer for shale gas exploration. This provision of the first right of refusal may be incorporated in the draft shale gas policy, which the government is about to release. Under this provision, the government may allow existing contractors of oil and gas blocks, which were auctioned under the New Exploration and Licensing Policy (Nelp), to match the offer of the selected bidder if the shale block falls on the already awarded blocks. In the case of Coal India (CIL), the government has raised concerns regarding the first right of refusal, as some of the coal major's blocks overlap shale reserves. CIL is undertaking a pilot project in the Gondwana basin of Bharat Coking Coal and studies are on in some parts of Central Coalfields. Currently, the Planning Commission, the ministries of finance, environment and law are discussing the final draft of the shale gas policy. The environment ministry responded by raising concerns regarding water requirement for using fracking technology, besides land-related issues. The bidding may start in the first half of this financial year and at least 100 blocks would be up for bidding.
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