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

business Updated: Mar 23, 2012 21:38 IST

PTI
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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.