New Delhi: Ratnagiri Gas and Power Pvt. Ltd, a unit of GAIL (India) Ltd and NTPC Ltd, will get one cargo of liquefied natural gas (LNG) from Royal Dutch Shell Plc. and is in talks for a second cargo to start its terminal in western India. The cargoes will be used to commission Ratnagiri’s LNG terminal at Dabhol by March-end, chairman R.K. Goel said in New Delhi on Thursday.
RIL gas production from K-G basin to rise by July
New Delhi: Reliance Industries Ltd will initially produce 15 million cubic meters of gas a day from its biggest field off the nation’s east coast, the government said.
Output from the D6 block in the Krishna-Godavari (K-G) basin will increase to 40 million cubic meters a day by July and 80 million cubic meters a day in 2010, minister of state for petroleum and natural gas Dinsha Patel said on Thursday.
ONGC cuts production from Bombay High
New Delhi: Oil and Natural Gas Corp. Ltd (ONGC) said gas production from Bombay High was partially reduced four days ago to facilitate the addition of a platform aimed at preventing a decline in output. Production at a platform in the South Bassein area off the west coast was cut by 43% on 22 February to 18 million cubic metres a day from 30 million cubic metres, chairman R.S. Sharmasaid over the telephone from New Delhi on Thursday.
Production will be restored in a couple of days, Sharma said. ONGC is spending Rs7,133 crore to increase output from ageing fields in Bombay High.
The additional platform will help to maintain current production levels, said Sudhir Vasudeva, ONGC’s offshore director.
Lanco front-runner for Bara power project
Lucknow: Lanco Infratech Ltd has emerged as the front-runner for setting up a 1,980MW super-critical thermal power plant at Bara in Allahabad district.
During the technical bid, which opened last night in the presence of Uttar Pradesh chief secretary Atul Gupta, rates quoted by Lanco were found the lowest as compared to two other companies, Jaypee Associates and Reliance Energy Ltd.
Lanco had quoted a price of Rs3.12 per unit, the rate at which the company will supply power generated from the proposed plant, a senior official said.
Before finalizing the developer, the bids will be considered by the evaluation committee, which was set up by the state government for the purpose.