Reliance Industries Limited (RIL) and GAIL (India) Limited today signed a Memorandum of Understanding (MoU) for Joint Co-operation in Petrochemicals. The MoU was signed in Mumbai by Shri A K Purwaha, Director (Business Development), GAIL and Shri Nikhil Meswani, Executive Director, RIL in the presence of Dr. U.D. Choubey, Chairman and Managing Director, GAIL and [...]
State-owned power utility NTPC will buy an additional 1.5 million cubic meters a day of gas from Reliance Industries at government-approved price of $4.2 per mmBtu to feed its power plants in north India.
The government had allocated NTPC 4.46 mmscmd of gas from RIL’s eastern offshore KG-D6 fields but it currently draws only 1.81 mmscmd [...]
Mukesh Ambani-led Reliance Industries today said it is producing 63-64 million standard cubic meters per day of gas from KG-D6 fields, over 20 per cent less than the potential due to constraints in pipelines transporting the fuel to consumers.
“We have already tested facilities for producing (peak output of) 80 mmscmd (from eastern offshore KG-D6 fields) [...]