Reliance Industries Ltd (RIL) is expected to begin production of natural gas from its Krishna-Godavari (KG) block D-6 soon.
Industry analysts are, understandably, excited about the prospect. It has been argued that the discovery could herald significant savings in the oil import bill.
It is expected that production, which petroleum secretary R.S. Pandey said he was “told” will commence in April, will start at the level of 5-10 million cubic metres per day (mcmd). This figure will rise to 40mcmd by July and at its peak, some 1.5 years later, it will touch 80mcmd. Immediate beneficiaries include fertilizer companies who will get 14-15mcmd, power plants (18mcmd) and city gas projects (5mcmd).
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