GAIL signs contract for PMT gas
GAIL has signed a contract with the producers of gas from the consortium of RIL, the BG Group and ONGC for buying the entire quantity of 17.3 million metric standard cubic metre per day (MMSCMD) gas produced from the Panna-Mukta-Tapti (PMT) fields.
By TNN |
NEW DELHI: GAIL has signed a contract with the producers of gas from the consortium of RIL, the BG Group and ONGC for buying the entire quantity of 17.3 million metric standard cubic metre per day (MMSCMD) gas produced from the Panna-Mukta-Tapti (PMT) fields.
���GAIL will buy the gas at $5.73 per million British thermal unit (mBtu) for Panna field and $5.57 per mBtu of the Tapti field. The contract was signed late on Monday night and is in pursuance of the government nominating GAIL as its nominee to take the entire PMT gas,��� GAIL said in a statement.
Subsequently, agreements were also reached regarding the supplies to consumers. ���GAIL signed a term-sheet to supply, at PSC prices, 3.6 MMSCMD of natural gas to RIL and 2.13 MMSCMD of gas to Gujarat Gas Company as per the advice from the ministry of petroleum and natural gas,��� it said. GAIL has also inked a short-term term-sheet for 15 days with Gujarat State Petroleum Corporation (GSPC) for the supply of natural gas.
���GAIL will buy the gas at $5.73 per million British thermal unit (mBtu) for Panna field and $5.57 per mBtu of the Tapti field. The contract was signed late on Monday night and is in pursuance of the government nominating GAIL as its nominee to take the entire PMT gas,��� GAIL said in a statement.
Subsequently, agreements were also reached regarding the supplies to consumers. ���GAIL signed a term-sheet to supply, at PSC prices, 3.6 MMSCMD of natural gas to RIL and 2.13 MMSCMD of gas to Gujarat Gas Company as per the advice from the ministry of petroleum and natural gas,��� it said. GAIL has also inked a short-term term-sheet for 15 days with Gujarat State Petroleum Corporation (GSPC) for the supply of natural gas.
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