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ONGC to realise higher price for PMT gas

Our Bureau

New Delhi , March 24

The joint venture partners ONGC-Reliance Industries-BG expect to earn additional revenue from realising higher price for gas produced from Panna, Mukta and Tapti (PMT) fields.

"The joint venture stands to gain $70 million in 2006-07," Reliance Industries President (LNG), Mr R.P. Sharma, told mediapersons on sidelines of an oil and gas conference organised by The Energy Research Institute . The joint venture from April 1 will sell 5.4 million cubic meters per day (MMSCMD) of gas from PMT fields to GAIL (India) Ltd at $4.75 per million British thermal unit (mBtu). This was a dollar more than the present price.

Related Stories:
ONGC aims to directly market Panna-Mukta-Tapti gas output — To focus on maximising price realisation from jt ventures
PMT venture seeks nod to end supply to GAIL
ONGC-Reliance PMT venture wants MRPL, instead of IOC, to lift oil

More Stories on : Outlook | Petroleum | Reliance Industries Ltd | Oil & Natural Gas Corporation Ltd

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