Bloomberg: Japan and India, Asias biggest energy consumers after China, are closer to unlocking natural gas deposits trapped in ice below the seabed that may prove bigger than the worlds known fossil-fuel reserves.
Japan Oil, Gas & Metals National Corp. said yesterday it produced gas in the worlds first offshore test to extract the fuel from the frozen depths. A team including Oil & Natural Gas Corp. (ONGC), Indias biggest energy explorer, will drill off the east coast this year and try to produce the...