GAIL, RGTIL sign transmission agreement for KG gas
State gas firm GAIL (India) has signed an agreement with Mukesh Ambani-controlled Reliance Gas Transportation Infrastructure Ltd for transmission of natural gas from the Krishna Godavari (KG) basin.
By PTI |
NEW DELHI: State gas firm GAIL (India) has signed an agreement with Mukesh Ambani-controlled Reliance Gas Transportation Infrastructure Ltd for transmission of natural gas from the Krishna Godavari (KG) basin.
The agreement was signed in New Delhi by GAIL Director (Marketing) B C Tripathi and RGTIL Director R K Dhadda, a GAIL press release said here.
The Gas Transmission Agreement (GTA) provides for transportation of natural gas from the exploration block located in the KG basin in the east coast of India through GAIL's network and for booking of capacity by GAIL in RGTIL's East-West pipeline.
GTA is a framework agreement that provides for booking of capacity through execution of Capacity Tranche Agreements (CTA).
GAIL currently has a network of about 6,700 km with transmission capacity of about 150 million standard cubic meters per day of gas. The utilisation of the pipeline asset will be increased by such an arrangement, GAIL said.
RGTIL is laying a 48 inch (diameter), 1,400-km long East-West pipeline from Kakinada to Gujarat.
GTA is a sequel to the Memorandum of Understanding (MoU) signed between the two companies in March this year for cooperation in identified areas in natural gas sector. The MoU envisaged that the two companies would formalise the arrangements for cooperation through agreements and contracts in specific areas. GTA will be followed by specific contracts.
The agreement was signed in New Delhi by GAIL Director (Marketing) B C Tripathi and RGTIL Director R K Dhadda, a GAIL press release said here.
The Gas Transmission Agreement (GTA) provides for transportation of natural gas from the exploration block located in the KG basin in the east coast of India through GAIL's network and for booking of capacity by GAIL in RGTIL's East-West pipeline.
GTA is a framework agreement that provides for booking of capacity through execution of Capacity Tranche Agreements (CTA).
GAIL currently has a network of about 6,700 km with transmission capacity of about 150 million standard cubic meters per day of gas. The utilisation of the pipeline asset will be increased by such an arrangement, GAIL said.
RGTIL is laying a 48 inch (diameter), 1,400-km long East-West pipeline from Kakinada to Gujarat.
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GTA is a sequel to the Memorandum of Understanding (MoU) signed between the two companies in March this year for cooperation in identified areas in natural gas sector. The MoU envisaged that the two companies would formalise the arrangements for cooperation through agreements and contracts in specific areas. GTA will be followed by specific contracts.
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