Indraprastha Gas Ltd, on Thursday, signed the Gas Sale and Purchase Agreement with Reliance Industries Ltd and its partner NIKO Ltd for supply of 0.308 mscmd from D6 block of Krishna-Godavari basin at $4.2 per million British thermal unit at the landfall point.
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The Supreme Court today send notices to Reliance Industries Ltd and Reliance Natural Resources Ltd asking them why a gas supply agreement between the two should not be cancelled, thereby making the government a party to the case.
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The project to build a gas-to-liquid plant in Uzbekistan has moved into the feasibility stage after petrochemicals group Sasol and its partners in the project yesterday signed a joint venture agreement.
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Turkey declared that it will receive natural gas from Turkmenistan for Nabucco gas project implementation. Before signing the agreement on July 13 for the construction of the gas pipeline, Turkmen President Kurbanguli Berdymukhamedov stated that his state will sell its extra gas to all courtiers that what to purchase it.
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The state-run power generation company Mahagenco has signed a five-year gas supply agreement with Reliance to address the gas shortage plaguing the 852 MW Uran power plant near Mumbai. The plant is now consistently producing over 600 MW after an interval of ten years.
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Nigeria, Algeria and Niger has signed an agreement on a proposed Trans-Saharan pipeline that will ship natural gas from Nigeria to Europe.
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Reliance Industries Ltd is likely to sign a gas sales and purchase agreement with state-owned power major NTPC to supply gas at the government-mandated price of $4.2 per million metric British thermal unit.
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Reliance Industries Ltd’s gas output from its deep-sea field off India’s east coast is below capacity as supply agreements with some buyers still need to be finalised.
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Reliance Industries has signed gas sale agreements with steel makers including Essar Steel and Ispat Industries for supplying 3.75 mmcmd of natural gas from its offshore Krishna Godavari-D6 basin.
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GAIL signed a Gas Cooperation Agreement with Tamil Nadu Industrial Development Corporation Limited.
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Friday, August 14, 2009