OilMin U-turn on RIL KG-D6 gas price
Agencies: Nov 20 2012, 16:34 IST
KG-D6 gas production in April 2009.
The formula proposed by RIL for sale of gas from April 1, 2014 is the same at which Petronet LNG Ltd, the nation's largest liquefied natural gas importer, buys 7.5 million tonnes per annum (30 million standard cubic metres per day) of LNG from RasGas of Qatar.
Sources said while the six-member Rangarajan Committee is looking into the shape of future Production Sharing Contracts (PSC) as well as structure of gas pricing, Rangarajan as a one-man panel has been asked to look into the CBM pricing.
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