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IndianOil, GAIL Amongst Successful Bidders for Natural Gas from KG-D6 Field

Reliance Industries-British Petroleum (BP) Joint Venture (JV) had invited bids in January for selling 6 Million Standard Cubic Meters per Day (mmscmd) of natural gas from KG-D6 field for a period of 5 years. There were 29 successful bidders for gas from the aforementioned field, including Public Sector Units such as IndianOil and GAIL as well as private players such as Shell and Adani Total Gas.

Out of the total amount of Natural Gas open for bidding, IOCL has won almost 3 mmscmd, GAIL has secured 0.7 mmscmd, and Shell and India Gas Solutions have got 0.5 mmscmd each. Some of the other successful bidders are Adani Total Gas Ltd. which has secured 0.4 mmscmd and Gujarat State Petroleum Corporation which had bid for procuring 0.25 mmscmd of Natural Gas from the field.