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Apr
17
Reliance and GAIL India starting second phase of Gas Pipeline from Krishna-Godavari basin
Filed Under Energy | Leave a Comment
Reliance Industries (RIL) and GAIL India are setting themselves to start the second phase of construction of the pipeline to transport gas from the Krishna-Godavari basin to the southern parts of the country.
The gas pipeline would be completed by 2012 with an investment of over Rs 11,300 crore, including about Rs 2,300 crore from RIL and Rs 9,000 crore from GAIL India.
- Reliance Gas Transportation Infrastructure was authorized to lay over 1,140 km of pipeline as well as 470 km of the Vijaywada-Nellore-Chennai section and 670 km of the Chennai-Tuticorin section.
- GAIL India would lay over 700 km of pipeline from Dabhol to Bangalore and Bangalore to Mangalore with an investment of Rs 9,000 crore.
Both RIL and GAIL India secured the authorization from the Ministry of
Petroleum and Natural Gas in 2007 to lay these pipelines. GAIL India and RIL in 2007 had signed a gas transmission agreement
(GTA) to share each other’s pipelines for the transmission of natural
gas from the KG basin fields. [source : Asian Cerc]
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]
