Alternative energy rise to impact value of Nagaland’s oil reserves, says Geology and Mining Director

Going by the current crude oil extraction rates, Nagaland’s fossil fuel reserves are projected to be depleted by 2060, according to Dr. Kenyelo Rengma, Additional Director of the Department of Geology and Mining.

Speaking at the 44th State Geological Programming Board (SGPB) meeting held in Dimapur on Friday, Dr. Rengma highlighted the rise of alternative energy sources like solar and lithium batteries, saying that the value of crude oil and gas would decline in the coming years.

Source:

https://easternmirrornagaland.com/alternative-energy-rise-to-impact-value-of-nagalands-oil-reserves-says-geology-and-mining-director/