NEW DELHI: Union Petroleum and Natural Gas Minister Murli Deora on Wednesday told the Parliamentary Consultative Committee that the first consignment of natal gas from the Mukesh Ambani-owned Reliance Industries’ Eastern offshore KG-D6 fields will hit the markets by April this year.
“The arrival of the natural gas would certainly ease fuel deficit being faced by power and fertilizer units. Reliance is likely to start gas production by the first week of March but the initial volume would go for testing the equipment and building pressure in the pipeline. The first sale may be by early April,” he added.
Mr. Deora said that it had been decided to supply the first 40 mmscmd (million metric standard cubic metre per day) of natural gas to meet the shortfall in existing gas-based urea plants, LPG plants and power plants. KG-D6 gas would be a boon for the fuel-starved fertilizer and power companies, increasing production at cheaper rates. Reliance gas priced at $4.20 per million British thermal unit, at least 50 per cent cheaper than competitive domestic gas, would increase supply of urea in the country and bring down fertilizer subsidy, he said. Mr. Deora also said that Reliance had started crude oil production from its deep sea KG-D6 block in Krishna Godavari basin in September with initial output of 8,000 barrels a day.
The initial volumes from KG-D6 would be sold to gas-based urea manufacturing plants and the Dabhol power plant in Maharashtra.
source : the hindu
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