UPA government’s flagship scheme provides free connections to BPL households but richer section of the village have to bear the actual cost.
Several potential customers are located near pipelines that carry natural gas from domestic fields, such as Reliance’s D6 block, but they do not have any gas allocation.
"The total payout on this account will be Rs 1,283.32 crore, out of which the government will receive Rs 888.38 crore," company said in a statement.
India's recoverable crude oil reserve has been estimated at 757.4 million tonne (MT) on Apr 1.
MC) of Reliance-operated D6 block has approved only $3.99 billion cost recovery against Reliance Industries' claim of $9.47 billion, oil minister Jaipal Reddy said.
Dabhol LNG terminal will be commissioned on first week of Apr with the first cargo of spot liquefied natural gas expected to arrive at the Maharashtra port on March 27.
Gail India will provide 2.5 million standard cubic meters per day domestic gas to fuel-starving power units in Andhra Pradesh from the share of its LPG plant.
Oil ministry nudges state refiners to explore new grades of crude oil from Africa and Latin America.
Energy major BP's India arm has said a predictable market-determined natural gas pricing regime is a must for developing future projects in the country.
ONGC is expected an additional 28 million standard cubic meters per day natural gas production by 2017.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon