Gas supplies set for boost
The availability of natural gas in the country will receive a significant boost in the next two years and is expected to go up by nearly 30 per cent by 2012-13.business Updated: Jul 28, 2010 20:45 IST
The availability of natural gas in the country will receive a significant boost in the next two years and is expected to go up by nearly 30 per cent by 2012-13. This would mean increased supplies of domestic gas to the power and fertiliser sectors, and reduced dependence for the country on costlier liquefied natural gas (LNG) from abroad.
The Petroleum Ministry informed the Empowered Group of Ministers (EGoM) on natural gas allocation that met on Wednesday convyed on the emerging scenario.
Petroleum Secretary, S. Sundaresan said India’s gas availability will reach 182 million standard cubic metres per day by 2012-13 from the current 142 mmscmd.
“This (increased availability) has been informed to the ministries of power and fertilisers, who will now give us their requirements,” he said.
Of the current 142 mmscmd gas avaialable, as much as 60 mmscmd comes from the KG-D6 gas fields of Reliance Industries Ltd in the Krishna-Godavari basin.
By 2012-13, 20 mmscmd moreof gas is expected to come from RIL, around 9 mmscmd from ONGC, 8 mmscmd from Gujarat State Petroleum Corporation and around 5 mmscmd from other gas fields of ONGC and OIL.
The ministers were also told of the Supreme Court verdict in the gas dispute involving companies controlled by Mukesh and Anil Ambani in which the top court has upheld the government to sell gas at a price of $4.2 per unit from RIL’s KG-D6 to Anil Ambani’s RNRL.
Ministry sources said emerging gas supplies were sufficient to meet the needs of Anil Ambani-controlled power plants –for which Mukesh-controlled RIL is due to supply gas.
First Published: Jul 28, 2010 20:43 IST