Natural gas by RIL to be allocated to power, petrochemical, refinery sectors

23-Oct-09
Led by Finance Minister of India, a 7 member Empowered Group of Ministers is to meet to determine allocation of natural gas produced by RIL to users in power, petrochemical and refinery sectors. About 100 mmscmd gas is being demanded by power plants, refineries and steel units. Current gas production capacity at RIL’s eastern offshore KG-D6 fields of 65 mln cubic meters per day (mmscmd), is limited to less than 35 mmscmd due to a dearth of government-identified buyers. The earlier EGoM, that ceased to exist after General Elections in India, had fixed the price of gas at US$4.205 per million British thermal unit for five years; and had allocated the first 40 mmscmd of gas from KG-D6 to fertiliser units, power plants, city gas projects, LPG plants and steel sector.
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