Essar group through its gas trading arm Essar Exploration and Production India has independently engaged e-auction major mjunction for inviting bids for R-LNG (regassified liquefied natural gas) planned to be sourced at Dahej, Gujarat.
The MD and CEO of mjunction, Vinaya Varma, said that it has already started e-auction of CBM owned by Reliance Industries (RIL) through its platform 20 days back. Varma was addressing press at the sidelines of India Coal Markets Conference.
“The price realisation at the auction for CBM was 20% more than expected,” he added. Varma also said that as many as 11 entities are selling natural gas through the platform. On private commercial miners, the mjunction MD pointed out that the platform is ready and now offering coal from NLC and APMDC.
