The Government will cancel award of a coal-bed methane (CBM) block in Tamil Nadu to Great Eastern Energy Corp Ltd (GEECL) for not fulfilling contractual requirements, Oil Minister Dharmendra Pradhan has said. GEECL was awarded block MG-CBM-2008/IV for extraction of gas lying below coal seams, called CBM, under the fourth round of CBM block auction in 2010. The production sharing contract (PSC) for the block was signed on July 29, 2010.
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