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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Reliance-BP invites bids for gas from KG-D6, priced against international benchmark

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Reliance Industries and its partner UK’s BP Plc has invited companies to bid for 7.5 million standard cubic meters per day of gas (mmscmd) incremental gas it plans to produce from the second-wave discoveries in the KG-D6 block, pricing them for the very first time against an international gas benchmark. While Reliance-BP had sold the first […]

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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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