Untitled Document
Excon, Excon 2011 Biggest Construction Equipment Trade fair India.
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www.epcworld.in
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Oil And Gas |
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| 8/24/2009 5:26:00 PM |
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New Delhi, Aug (EPC News): Reliance Industries' Bay of Bengal gas has reached the national capital with CNG retailer Indraprastha Gas Ltd (IGL) receiving the first supplies from KG-D6 fields this morning.
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“We have begun drawing KG-D6 gas from this morning. We received about 0.2 million standard cubic meters per day of gas today which would be ramped up in coming days,'' an IGL official said.
IGL had earlier this month signed a Gas Sales and Purchase Agreement (GSPA) to buy 0.308 mmscmd of gas from RIL.
The KG-D6 gas would meet the increased demand for compressed natural gas (CNG) by automobiles and piped natural gas by households and industries.
“The delivered cost of KG-D6 gas will be about Rs 12 per cubic metre as against Rs 13.40 per cubic metre of LNG,'' he said.
The volume will increase to 0.5 mmscmd by March 2010 and in five years the KG gas requirement would be 2.1 mmscmd.
The delivered price of RIL gas, after including taxes and transportation charges including those paid to GAIL will be $6.7-6.8 per million British thermal unit as against the liquefied natural gas (LNG) price of $7.25 per mmBtu. |
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