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KG Basin gas enough to feed fertilizer firms, RNRL
The natural gas reserves at KG Basin, being developed and operated by Reliance Industries Ltd (RIL), is sufficient enough to meet the requirements of the fertilizer industry after supplying the contracted amount of 28 MMSCMD of gas to Anil Ambani group company Reliance Natural Resources Ltd (RNRL), said a letter written by AN Sethuraman, group president of RNRL to M K Azhgiri, minister of chemical and fertiliser.
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Family agreements cannot override national priorities:the fertiliser ministry
In a new twist to the gas dispute between Ambani brothers, the fertiliser ministry today said private family agreements could not override national priorities. Urea plants had been given the first priority in sale of natural gas from Reliance Industries‘ D6 but the Bombay High Court had upheld the Ambani family, giving 70 per cent of the initial volumes from the fields to Anil Ambani Group’s RNRL.
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Fertiliser industries worried after HC verdict on RIL gas supply news
The fertiliser industry, which was granted the first right over gas from Reliance Industries‘ D6 fields in the Krishna-Godavari Basin, has raissed concern over the Anil Ambani-run Reliance Natural Resources Ltd getting the maximum gas allocation after the Bombay High Court order and sought firm assurance on uninterrupted supplies.
Fifteen urea-manufacturing plants were allocated the first 14.97 million standard cubic metres of output per day from D6 by a Pranab Mukherjee-headed cabinet committee before the elections.
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Reliance Industries’s KG-basin to produce 80-mmscmd gas by December
Reliance Industries‘ eastern offshore KG basin will produce 80 mmscmd of gas before December this year, Petroleum Secretary R S Pandey on Thursday said.
“Gas production from RIL-D6 block will go up in phases. It will produce 80 million metric standard cubic metres per day (mmscmd) of gas before December,” he told reporters here.
Mukesh Ambani-led RIL began gas production from its field in KG-basin in March this year. It currently produces a little over 15 mmscmd of gas, which it supplies to fuel-starved fertiliser and power firms.
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Ratnagari may sign an agreement to Buy Reliance Gas
Ratnagiri Gas & Power Pvt. may sign an accord to buy gas from an offshore field operated by Reliance Industries Ltd., India’s most valuable company, at a board meeting this week, an official of the utility said.
“Two more agreements for reaching the fuel to our plant with Reliance’s gas transmission unit and our promoter GAIL India Ltd. will be signed at the next board meeting,†A.K. Ahuja, managing director, said by telephone from New Delhi today. “Gas supplies should begin in the next two weeks.â€
The board will consider an agreement to buy 2.8 million cubic meters of gas a day from Reliance for the 2,144-megawatt power plant on May 8, Ahuja said. The quantity may increase to as much as 8.5 million cubic meters a day by October, he said.
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Govt to reallocate Reliance KG-D6 fields if buyers back out
The government will allocate natural gas from Reliance Industries‘ Bay of Bengal KG-D6 fields to companies like Essar Steel if any of the consumers it has currently identified is unable to use the fuel.
An Empowered Group of Ministers (EGoM) on April 9 decided to give any unutilised KG-D6 gas to steel plants who are currently not being supplied their full share of administered price fuel, official sources said.
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Petronet is looking ‘gas swap’ deal with K-G D6 block
Indian gas companies may soon boast their first gas swap arrangement that could slash transportation costs by more than 50 per cent.
Petronet LNG, which operates a recently expanded ten-million-tonne gas regassification plant in Dahej on the west coast, is exploring a swap option with the gas from the Krishna-Godavari field (K-G D6) on the east coast owned by Reliance Industries Ltd (RIL).
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RIL expected to beat ONGC to become the top gas producer
Mukesh Ambani’s Reliance Industries (RIL) could overtake state-owned Oil and Natural Gas Corporation and Oil India to account for over 40 per cent of the country’s natural gas production in the next three years, say analysts.
Supply from RIL’s Krishna Godavari basin reserve on the east coast began on April 2. The initial production will be around 14 million standard cubic metres per day (mscmd), which would go to the urea units of fertiliser firms.
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Reliance Industries’s KG basin gas has long term profit
With natural gas starting to flow out of Reliance Industries’ (RIL) fields from this month, a new chapter has begun for India’s fertiliser industry.
The perennial shortage of natural gas - a major worry for the urea manufacturers - has become a thing of the past. However, the benefits to the industry are rather long-term and indirect. The direct benefits will all accrue to the government, which will see a reduction in its subsidy payout.
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Reliance industries KG-D6 block gas supply for NTPC
A five-member empowered group of ministers (eGoM), headed by interim finance minister Pranab Mukherjee, on Thursday decided to allocate to power generating firms 18 million standard cu. m a day (mscmd) of gas produced by Reliance Industries Ltd (RIL) from its KG-D6 block.
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