Aug

18

New Dynamics in Indian Gas Future: RIL-RNRL-NTPC-Petroleum Ministry

Filed Under Capital Markets, Energy, India Business, Indian Government, Infrastructure | Leave a Comment

Given the nature of the multi-billion dollar natural gas resources under dispute, it is interesting, and welcome to have a transparent debate.  This is probably the first time that any corporate in India has taken this approach. We appreciate this this bold stance by Anil Ambani, and we welcome the ad by Reliance ADAG Group.
adag-ad-campaign-18aug2009
The Times of India has put in well:
The multi-crore campaign accusing the petroleum ministry of favoring RIL (Reliance Industries Ltd) at the cost of navratna NTPC in the now famous gas row, made the ministry defensive on Monday, prodded RIL to give out figures and estimates as explanation, and had ad professionals munching on whether this aggressive form of communication through advertising was a game changer.

The case is scheduled for hearing in the Indian Supreme Court on 1st Sep 2009.

Mar

28

Reliance signs Gas Sales & Transportation contracts with 12 Fertilizer companies

Filed Under Emerging Sectors, Energy, India Business, Indian Companies | Leave a Comment

Reliance Industries has signed gas sales and transportation contracts with 12 fertilizer companies to sell about 15 million standard cubic metres a day (mmscmd) of gas from its eastern offshore KG-D6 fields.

These fertilizers companies are: Chambal Fertilizers Indian Farmers Fertilizer Cooperative, Krishak Bharati Co-operative, Gujarat Narmada Valley Fertilizers, Gujarat State Fertilizers and Chemicals (GSFC), Nagarjuna Fertilizers, Tata Chemicals, and Rashtriya Chemicals and Fertilizers (RCF).

The same fertilizers companies also signed a separate Gas Transportation Agreement with Reliance Gas Transportation India for transporting the gas through its pipeline in Kakinada in Andhra Pradesh to Baruch in Gujarat.

The gas supply will start from mid-April, and the firms will pay Reliance a marketing margin of 13.5 cents per million British thermal units (mmBTU), said Satish Chander, Director General of Fertiliser Association of India. However, the margin is in addition to the government-set price of $4.2 per mmBTU for the gas.
[source: Asian Cerc]