Reliance again puts off gas bid to Nov 15 on bidders request
5 years, 4 months ago

Reliance again puts off gas bid to Nov 15 on bidders request

India TV News  

Reliance Industries has for the second time in a month put off bidding to sell natural gas it plans to produce from newer fields in the flagging eastern offshore KG-D6 block, sources said. Reliance set a floor or minimum quote of 9 per cent of dated Brent price -- which means bidders would have to quote 9 or a higher percentage for seeking gas supplies. In 2017, it changed the formula by seeking bids in the form of a deductible from 12.67 per cent of prevailing Brent crude oil price plus USD 0.52 per mmBtu plus USD 0.26 per mmBtu, according to the bid document of CBM pricing. Reliance ended up buying the CBM gas from its block after it bid deducting USD 1.836 per mmBtu, lower than USD 3.156 bid by rival Piramal Glass and USD 3.495 bid by state-owned GAIL.

Oil Gas Natural Gas Price Fields Block Usd Brent Reliance Cbm Mmscmd Gas Bid Bidders Request  block  price  nov  mmscmd  gas  usd  cbm  puts  bidders  request  oil  bid  fields  15  reliance  kgd6

History of this topic

Reliance says Oil Ministry raised $2.81 billion demand in gas dispute case
3 weeks, 2 days ago

Reliance says Oil Ministry raised $2.81 billion demand in gas dispute case

The Hindu  

Reliance Industries said on Tuesday the Petroleum and Natural Gas Ministry has raised a demand of $2.81 billion from the company, BP Exploration and Niko in a gas drilling dispute case. On February 14, a division bench at Delhi High Court ruled against Reliance and its partners in a dispute regarding extraction of gas in a deepwater field in India's …

Reliance Industries says oil ministry raised $2.81 billion demand in gas dispute case
Trending News
3 weeks, 2 days ago

Reliance Industries says oil ministry raised $2.81 billion demand in gas dispute case

India Today  

Reliance Industries Limited said on Tuesday the country's Petroleum and Natural Gas Ministry has raised a demand of $2.81 billion from the company, BP Exploration and Niko in a gas drilling dispute case. On February 14, a division bench at Delhi High Court ruled against Reliance and its partners in a dispute regarding extraction of gas in a deepwater field …

Gas price for Reliance trimmed to $9.87; rate for gas that feeds CNG, PNG supplies still at $6.5
11 months, 3 weeks ago

Gas price for Reliance trimmed to $9.87; rate for gas that feeds CNG, PNG supplies still at $6.5

The Hindu  

The government on March 31 cut the price of natural gas produced from difficult areas like deep sea KG-D6 block of Reliance Industries, marginally to $9.87 per million British thermal unit in line with softening of benchmark international gas prices, an official notification said. For the six-month period starting April 1, the price of gas from deepsea and high-pressure, high-temperature …

Gas price for Reliance to be reduced by 14% from next month
1 year, 6 months ago

Gas price for Reliance to be reduced by 14% from next month

The Hindu  

The price of natural gas produced from difficult areas like KG-D6 of Reliance Industries is likely to be cut by about 14% from next month in line with softening energy prices, sources said. For the six-month period starting October 1, the price of gas from deep sea and high-pressure, high-temperature areas is likely to be cut to around USD 10.4 …

GAIL Gas cuts CNG, PNG prices after IGL, MGL; check revised prices here
1 year, 11 months ago

GAIL Gas cuts CNG, PNG prices after IGL, MGL; check revised prices here

Live Mint  

GAIL Gas Ltd, the city gas arm of the nation's largest gas firm GAIL Ltd, announced a reduction of up to ₹7 in the prices of CNG and piped cooking gas. GAIL Gas cut the price of the gas that households received through piped natural gas, or PNG, by ₹7 per standard cubic metre in Bengaluru and Dakshin Kannada and …

Natural gas prices may be cut to decade low of USD 1.9; dent ONGC revenues
4 years, 7 months ago

Natural gas prices may be cut to decade low of USD 1.9; dent ONGC revenues

India TV News  

Prices of natural gas in India are likely to be cut to USD 1.9-1.94 - the lowest in more than a decade - from October, denting revenues of producers such as ONGC who are already incurring huge losses on gas production. A gas price revision is due from October 1 and going by the changes in the benchmark rate in …

Reliance cuts base price for new gas from KG-D6 after customer protests
5 years, 4 months ago

Reliance cuts base price for new gas from KG-D6 after customer protests

India TV News  

Reliance cuts base price for new gas from KG-D6 after customer protests Reliance and its partner BP Plc of the UK is in the market seeking bids from potential users for the 5 million standard cubic metres per day of natural gas they plan to produce from the R-Cluster Field in KG-D6 block from mid-2020. Reliance Industries has cut by …

Oil Ministry recommends hike in natural gas price
11 years, 10 months ago

Oil Ministry recommends hike in natural gas price

The Hindu  

The Petroleum and Natural Gas Ministry has moved a Cabinet note recommending a $6.7 per million metric British thermal unit price for domestically produced gas. Highly placed officials in the Ministry said the Cabinet note had pitched for a single price for all kinds of gas produced in the country which would benefit Oil and Natural Gas Corporation and Oil …

GSPC seeks USD 14.2 per mmBtu price for KG basin gas
11 years, 11 months ago

GSPC seeks USD 14.2 per mmBtu price for KG basin gas

The Hindu  

After Reliance Industries Ltd, Gujarat government firm GSPC has sought imported LNG price of USD 14.2 per mmBtu for the natural gas it plans to produce from KG basin fields by year-end. Gujarat State Petroleum Corp on Friday submitted a proposal to the Oil Ministry for pricing of 5.24 million standard cubic meters per day of peak output from its …

OilMin proposes doubling gas price to $8-8.5 per mmBtu
12 years, 2 months ago

OilMin proposes doubling gas price to $8-8.5 per mmBtu

Firstpost  

Oil Ministry has moved a Cabinet note for nearly doubling the price of natural gas produced by state-owned ONGC and OIL to $8-8.5 per million British thermal unit in the current year itself and for Reliance Industries from April 2014. New Delhi: Oil Ministry has moved a Cabinet note for nearly doubling the price of natural gas produced by state-owned …

Reliance Sells 30 PC Stake In 23 Blocks For USD 7.2 Billion
14 years, 1 month ago

Reliance Sells 30 PC Stake In 23 Blocks For USD 7.2 Billion

India TV News  

New Delhi, Feb 21: In one of the country's biggest energy deals, Reliance Industries today announced sale of 30 per cent stake in its 23 blocks including the giant KG-D6 gas fields to UK's BP Plc for USD 7.2 billion. Besides the stake transfer, Reliance and BP will form a 50:50 joint venture for the sourcing and marketing of gas, …

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