Govt to decide on gas pricing by April end | business | Hindustan Times
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Govt to decide on gas pricing by April end

The government will decide on the price of gas that Reliance Industries Ltd and Essar Oil plan to produce from coal seams by April-end, an oil ministry official said on Friday.

business Updated: Mar 23, 2012 21:38 IST

The government will decide on the price of gas that Reliance Industries Ltd and Essar Oil plan to produce from coal seams by April-end, an oil ministry official said on Friday.

“We don’t have to go to the EGoM on coal-bed methane (CBM) pricing as the Production Sharing Contract for these are different from the ones for conventional oil and gas fields (like RIL’s KG-D6),” the official said. “We should be able to decide on the price of CBM in a month’s time.”

While Essar Oil has proposed to sell gas from its Raniganj block in West Bengal at $4.20 per unit, RIL has sought government nod for selling CBM from its Sohagpur block at a price close to $13 per unit.