Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
CO-PRESENTED BY
LIVE TV DownloadNews18 App
News18 English
»
1-min read

Essar Begins CBM Gas Supply to GAIL

In a tweet, the group said Essar Oil and Gas Exploration and Production Ltd (EOGEPL) "commenced supply of CBM gas from its Raniganj East block (in West Bengal) to GAIL."

PTI

Updated:October 5, 2018, 9:22 AM IST
facebookTwittergoogleskypewhatsapp
Essar Begins CBM Gas Supply to GAIL
Representative Image
Loading...
New Delhi: Ruia family-owned Essar Group has started supply of gas produced from coal seams to state-owned GAIL India.

In a tweet, the group said Essar Oil and Gas Exploration and Production Ltd (EOGEPL) "commenced supply of CBM gas from its Raniganj East block (in West Bengal) to GAIL."

EOGEPL had in August signed a 15-year contract to supply the block's entire gas production to GAIL, Essar tweeted.

Peak coal bed methane (CBM) production from Raniganj East block is envisaged at 2.3 million standard cubic metres per day.

Essar had in February this year sold its entire CBM production from the West Bengal block to GAIL using the same formula that Reliance Industries used for pricing of its CBM. The price comes to around USD 8 per million British thermal unit at the current oil price.

At the time of the signing of Gas Sale and Purchase Agreement (GPSA) in August, EOGEPL had said it would be focussing on ramping up production from its existing 348 CBM wells and the 150 wells it intends to drill in the future in the block.

EOGEPL has already invested more than Rs 4,000 crore in the Raniganj East CBM block in drilling wells, setting up supply infrastructure, and laying customer pipelines to Durgapur and nearby industrial areas

The block has 348 completed CBM wells alongside robust gas and water handling capacity.

The Raniganj East block currently produces more than 1 million standard cubic metres per day of gas, which will be gradually scaled to 2.3 mmscmd.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 
Most Active
Company Price Change %Gain
Yes Bank 147.00 4.11
SBI 360.10 1.34
Larsen 1,584.00 2.58
Maruti Suzuki 7,064.70 -0.40
Reliance 1,329.55 -0.55
Company Price Change %Gain
Maruti Suzuki 7,065.15 -0.44
Yes Bank 146.90 3.96
TCS 2,053.25 0.18
SpiceJet 141.55 9.64
Larsen 1,582.70 2.53
Top Gainers
Company Price Change %Gain
Grasim 955.85 5.03
Yes Bank 147.00 4.11
NTPC 134.25 3.95
Tata Steel 496.70 2.59
Larsen 1,570.65 1.72
Company Price Change %Gain
Yes Bank 146.90 3.96
Tata Steel 502.20 3.87
NTPC 134.30 3.95
Larsen 1,582.70 2.53
SBI 360.30 1.61
Top Losers
Company Price Change %Gain
Zee Entertain 370.20 -1.76
Bharti Airtel 348.45 -1.34
Tech Mahindra 726.45 -1.28
Asian Paints 1,369.00 -1.12
IndusInd Bank 1,631.90 -1.03
Company Price Change %Gain
Bharti Airtel 348.40 -1.39
Asian Paints 1,369.30 -1.17
IndusInd Bank 1,633.50 -0.99
Bajaj Auto 3,056.00 -0.69
Reliance 1,329.45 -0.55

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results