Govt constitutes EGoM to find new users for RIL gas
RIL is restricting output at about 40 million standard cubic meters per day of gas from its eastern offshore KG-D6 fields despite having capacity to produce 65 mmscmd.
By PTI |
NEW DELHI: With RIL restricting gas output for want of officially notified customers, the government today formed a ministerial panel headed by Finance Minister Pranab Mukherjee to allocate natural gas from the company's field to new users.
"An Empowered Group of Ministers (EGoM) has been constituted," Petroleum Minister Murli Deora told reporters on the sidelines of an industry function here.
RIL is restricting output at about 40 million standard cubic meters per day of gas from its eastern offshore KG-D6 fields despite having capacity to produce 65 mmscmd, as it waits for the government to name new buyers beyond the initial volumes.
Besides Mukherjee and Deora, the EGoM would include Power Minister Sushil Kumar Shinde, Fertilizer Minister M K Alagiri, Law Minister Veerappa Moily and Planning Commission Deputy Chairman Montek Singh Ahluwalia.
Deora had in late August requested the Prime Minister's Office for a new EGoM but the formal constitution was delayed.
RIL is fighting a lawsuit with Anil Ambani Group firm Reliance Natural Resoruces Ltd over supply and pricing of gas from the KG-D6 fields. RNRL says it has an agreement with RIL to get natural gas from the field at a 44 per cent discout to a price set by the government in 2007. RIL says it cannot sell the gas at less than the government approved rates of $4.20 per mmBtu.
"An Empowered Group of Ministers (EGoM) has been constituted," Petroleum Minister Murli Deora told reporters on the sidelines of an industry function here.
RIL is restricting output at about 40 million standard cubic meters per day of gas from its eastern offshore KG-D6 fields despite having capacity to produce 65 mmscmd, as it waits for the government to name new buyers beyond the initial volumes.
Besides Mukherjee and Deora, the EGoM would include Power Minister Sushil Kumar Shinde, Fertilizer Minister M K Alagiri, Law Minister Veerappa Moily and Planning Commission Deputy Chairman Montek Singh Ahluwalia.
Deora had in late August requested the Prime Minister's Office for a new EGoM but the formal constitution was delayed.
RIL is fighting a lawsuit with Anil Ambani Group firm Reliance Natural Resoruces Ltd over supply and pricing of gas from the KG-D6 fields. RNRL says it has an agreement with RIL to get natural gas from the field at a 44 per cent discout to a price set by the government in 2007. RIL says it cannot sell the gas at less than the government approved rates of $4.20 per mmBtu.
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