The consortium of Reliance Industries and BP on Wednesday invited bids for gas it plans to produce from the second-wave discoveries in the KG-D6 block, pricing them for the very first time against JKM or Japan/Korea Liquefied Natural Gas Import Price, an international gas benchmark.
“The gas produced for KG-D6 will be available for sale at the delivery point at Gadimoga near Kakinada, Andhra Pradesh tentatively from 01 February 2021,” the companies said in a notice. The e-bidding would take place on January 22, the request for proposal said.
Reliance-BP had in November 2019 sold the first 5 million standard cubic meters per day (mscmd) of gas from the R-Series field in the KG-D6 block.
