Reliance Industries Ltd and its partner bp plc re-launched an auction for sale of natural gas from their eastern offshore KG-D6 block after incorporating the government’s new marketing rules to give CNG-selling city gas companies first priority over supplies.
Reliance and its partner BP Exploration (Alpha) Ltd (BPEAL) will sell 6 million standard cubic meters per day of gas in an e-auction planned for April 3, PTI reported, citing a tender notice.
The price is indexed to the global LNG marker, JKM but will be subject to the government-notified ceiling price.
