RIL to supply KG gas by April 2009

18 Feb 2009 | 18:36 RIL to supply KG gas by April 2009

Reliance Industries (RIL) will start supplying natural gas from its eastern offshore KG-D6 fields in the Krishna Godavari basin by April 2009, Oil Minister Murli Deora said on Wednesday, 18 February 2009. The Reliance gas priced at $ 4.20 per million British thermal unit is least 50% cheaper than other competitive domestic gas and it would increase supply of urea in the country and bring down fertiliser subsidy, he said. It would also increase power generation and reduce dependence on imported oil to meet energy needs.

The Centre has allocated an initial 40 million standard cubic metres of gas from Reliance's D-6 field for gas-based urea plans, liquefied petroleum gas (LPG) plants and power firms, the minister said. Gas would also be supplied to fuel households and automobiles.

Recently the Bombay High Court after completing the hearing of a gas dispute between RIL and Reliance Natural Resources (RNRL), in an interim order lifted an earlier stay on sale of gas from RIL's KG basin, till the final order.

The dispute concerns supply of 28 million metric standard cubic metres per day of gas from Mukesh-controlled RIL to RNRL at $2.34 per million British thermal unit (Btu). RIL refused to supply gas at that price and RNRL approached the court, which had restrained RIL from selling gas to any firm other than RNRL and NTPC.

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