Latest news with #Gorkhapatra
India.com
3 days ago
- Business
- India.com
Nepal may become super rich in future as China hits jackpot in the country, the treasure is worth Rs...
Nepal may become super rich in future as China hits jackpot in the country, the treasure is worth Rs... Kathmandu: What comes as good news for India's neighbour Nepal is that scientists there have discovered a huge reserve of methane gas in the country's western region. With this discovery, the total methane reserve of Nepal may reach around 430 billion cubic meters, potentially enough to meet the country's gas demand for about 50 years, as per a report published by the China Geological Survey (CGS). The report presented preliminary findings from only one of the four wells targeted in the Jaljale area of Dailekh district, raising the country's prospects of tapping domestic energy sources, according to the state-run Gorkhapatra daily. 1.12 billion cubic meters of methane present The findings that were shared with the Nepal Government on Thursday stated that the exploration was carried out under a bilateral agreement, which was signed between Nepal and China in 2019. 'The first drilling operation was launched on May 11, 2021, reaching a depth of over 4,000 metres. It revealed an estimated 1.12 billion cubic metres of methane in a single well,' the report read. Need For 50 Years Will Be Fulfilled Gorkhapatra stated that the total reserve in the region could reach 430 billion cubic metres. 'The report reflects preliminary findings from just one of the four targeted wells. Based on initial estimates, the total reserves in the region could reach 430 billion cubic metres, which could potentially meet Nepal's gas demand for about 50 years,' Gorkhapatra said. Good News For Nepal Deputy Director General of the Department of Mines and Geology and head of the petroleum exploration project Dinesh Kumar Napit stated that it is deepest and most advanced exploration ever conducted in the country. Further testing will be done to assess the quality of the gas, commercial viability and economic potential.
Time of India
3 days 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
3 days 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
