FIRE FROM ICE : A PROMISING NEW ENERGY SOURCE
2013-04-13 09:58 -Massive imports of oil and natural gas have exacerbated India’s big trade deficit, which is a hurdle to the acceleration of economic growth. Light at the end of the tunnel comes from a technological breakthrough last week by JOGMEC (Japan Oil Gas and Metals National Corporation). It succeeded in extracting natural gas from sea-bed deposits of methane hydrate, popularly called “fire ice” because it is a white crystalline solid that burns. India has some of the biggest methane hydrate reserves in the world. It will reap a bonanza if technological progress allows gas to be extracted from hydrates economically and safely.