{"id":287172,"date":"2019-08-13T06:36:27","date_gmt":"2019-08-13T06:36:27","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=287172"},"modified":"2019-08-13T06:36:27","modified_gmt":"2019-08-13T06:36:27","slug":"reliance-bp-joint-venture-to-invest-rs-35000-crore-in-kg-basin","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-bp-joint-venture-to-invest-rs-35000-crore-in-kg-basin\/","title":{"rendered":"Reliance, BP joint venture to invest Rs 35,000 crore in KG basin"},"content":{"rendered":"<p>MUMBAI: Reliance IndustriesNSE 10.20 % and BP Plc will together invest Rs 35,000 crore for bringing to production three sets of natural gas fields in the Krishna Godavari basin block in the Bay of Bengal, Chairman and Managing Director Mukesh Ambani said on Monday. <\/p>\n<p>The three projects will help reverse the falling gas output from what was once the biggest gas-producing block in the country. In July, the two partners had announced investment sanction for development of their deepest natural gas discovery in the KG-D6 block. <\/p>\n<p>&#8220;With an expected peak production of one billion cubic feet per day, equivalent to nearly 30 per cent of India&#8217;s current indigenous gas production, the joint venture will emerge as a major contributor to India&#8217;s energy security,&#8221; said Ambani while speaking at the group&#8217;s 42nd annual general meeting. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Reliance IndustriesNSE 10.20 % and BP Plc will together invest Rs 35,000 crore for bringing to production three sets of natural gas fields in the Krishna Godavari basin block in the Bay of Bengal, Chairman and Managing Director Mukesh Ambani said on Monday. The three projects will help reverse the falling gas output from what was once the biggest gas-producing block in the country. In July, the two partners had announced investment sanction for development of their deepest natural gas discovery in the KG-D6 block. &#8220;With an expected peak production of one billion cubic feet per day, equivalent to [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-287172","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/287172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=287172"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/287172\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=287172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=287172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=287172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}