India’s natural gas output seen rising 52% by 2024

India’s natural gas production is projected to jump by 52 per cent to 122 million standard cubic metres per day (mmscmd) by 2024, as state-owned Oil and Natural Gas Corporation (ONGC) and Reliance Industries Ltd-BP together are expected to raise output from the KG basin fields. Natural gas production in 2019-20 was 85 mmscmd, which is estimated to have […]

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Reliance buys two-thirds of own gas from KG-D6; GAIL, Shell among other buyers

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Reliance Industries has picked up two-thirds of its own new gas from KG-D6 block that was auctioned under new rules with state-owned GAIL and Royal Dutch Shell getting smaller volumes. Reliance and its partner UK’s BP Plc auctioned 7.5 million standard cubic metres per day (mmscmd) of incremental gas from the R-series gas field in the KG-D6 block, […]

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Stressed gas-based power plants want fuel allocation from upcoming fields

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Severely stressed gas-based power plants have sought a “separate bucket for allocation/auction of gas” from the offshore fields on the eastern coast of the country where production is to commence soon. As much as 24,900 megawatt of gas-based power stations operated at only 26% utilisation levels in the April-October period for lack of fuel supply. […]

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No Reliance, no oil superpower in race to acquire BPCL

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On Monday, the stipulated deadline for BPCL bids, the government received ‘multiple’ bids for buying out its stake in India’s second-biggest fuel retailer BPCL. Negating all speculations, Reliance Industries as well as supermajors Saudi Aramco, British BP and French Total did not make a bid. Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM), […]

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