OilMin allocates 7.23 mmscmd of ONGC gas to power, fertiliser units
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OilMin allocates 7.23 mmscmd of ONGC gas to power, fertiliser units

Last Updated: Thursday, October 13, 2011, 15:29
 
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OilMin allocates 7.23 mmscmd of ONGC gas to power, fertiliser units

New Delhi: The Oil Ministry has allocated 7.23 million standard cubic metres per day of natural gas from state-owned Oil and Natural Gas Corp's (ONGC) fields to power and fertiliser firms, including Reliance Infra, NTPC and National Fertilisers Ltd.

"The ministry has issued orders for allocating the gas ONGC plans to produce from nominated fields on the West and the East Coast," a top official said.

"In all, 19 units have been allocated natural gas," he said.

Reliance Infra's Samalkot plant in Andhra Pradesh, which gets 0.25 mmscmd of gas from Reliance Industries' eastern offshore KG-D6 fields, has been allocated 0.03 mmscmd of gas from ONGC's Krishna-Godavari Basin fields.

Lanco's Kondapali plant has been allocated 0.11 mmscmd, while Spectrum Power will get 0.29 mmscmd from ONGC's fields.

GVK Industries has been allocated 0.2 mmscmd.

The official said ONGC will produce a total of 0.63 mmscmd of gas from the KG Basin and the remaining 6.605 mmscmd is envisaged to come from western offshore fields like the C-Series, Bandra Formation, North Tapti and Vasai East fields.

The gas from fields off the West Coast will be priced at USD 5.25 per million British thermal units and the same from the Krishna-Godavari basin, off the Andhra Pradesh coast, at USD 4.75 per mmBtu.

This is more than the USD 4.205 per mmBtu that Reliance Industries charges for its KG-D6 gas.

"The price applicable is the rate the government had approved in June last year for the gas that ONGC would produce from new fields," he said, adding that the gas will be sold by state gas utility GAIL India Ltd.

Of the gas ONGC will produce from western offshore fields, NFL's Vijaypur plant in Uttar Pradesh has been allocated 0.73 mmscmd, while IFFCO's Kalol and Aonla units will get 0.097 mmscmd and 0.36 mmscmd, respectively. Tata Chemical's Babrala plant has been given 0.08 mmscmd.

State-owned power utility NTPC has been allocated 0.82 mmscmd for its plants in North India, while the Bawana unit in the national capital has been given 1.564 mmscmd. In addition, Indraprastha Power has been allocated 0.23 mmscmd and Ratnagiri Gas and Power Pvt Ltd has been allocated 0.9 mmscmd for its plant at Dabhol, in Maharasthra.

GFSC's urea-making plant at Baroda (0.2 mmscmd), KSFL's Sahajahanpur unit (0.204 mmscmd), Rashtriya Chemicals and Fertiliser's Thal plant (0.45 mmscmd), Kribhco's Hazira unit (0.8 mmscmd) and GNFC's Bharuch plant (0.1 mmscmd) have also been allocated ONGC gas.

"Contracted liquefied natural gas (LNG), if any, being used by these customers from GAIL cannot be surrendered citing this allocation to ensure there is no loss to GAIL," he said.

PTI




First Published: Thursday, October 13, 2011, 15:29


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