"kg-d6"

Reliance Industries and BP reported a nearly seven per cent year-on-year decline in KG-D6 natural gas production during the June quarter due to natural reservoir depletion. The companies said plans are in place to offset declining output from the deepwater Bay of Bengal block

Reliance Industries Ltd and its partner BP Plc of the UK, had offered 5.5 million standard cubic meters per day of additional gas in the auction.

Accordingly, RIL and bp have been developing three deep-water gas developments in block KG D6 - 'R Cluster, Satellite Cluster and MJ' - which together are expected to produce around 30 mmscmd.

E-auction for sale of 5.5 mmscmd per day gas slated for April 23 and supply will start by May

The board of ONGC at its meeting on February 13 approved creation of a new wholly-owned subsidiary company for gas and liquefied natural gas (LNG)

The government wants to promote the use of natural gas as it is cheaper, environment friendly and cuts carbon footprint. 

RIL and BP are developing three deepwater gas projects in block KG D6 – R Cluster, Satellites Cluster and MJ – which together are expected to meet 15 per cent of India's gas demand by 2023