Vedanta invites bids for sale of natural gas from Rajasthan block
Vedanta s oil and gas arm, Cairn Oil & Gas produces about 3.5 million standard cubic meters per day of gas from its largely oil-bearing block in Rajasthan
PTI | February 15, 2021 | Updated 22:59 IST
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Mining magnate Anil Agarwal s Vedanta Ltd on Monday invited bids for the sale of natural gas from its prolific Rajasthan block at rates equivalent to the price of imported LNG from the spot market or Brent oil price.
Cairn Oil & Gas, Vedanta s oil and gas arm, produces about 3.5 million standard cubic meters per day of gas from its largely oil-bearing block in Rajasthan, the firm said in a notice.
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February 15, 2021
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The price will be linked to spot prices of imported LNG, benchmarked against the Brent gas price, a company spokesperson said
Cairn Oil & Gas, a subsidiary of Vedanta Limited, has invited bids from prospective buyers of natural gas from its Rajasthan block.
“The company invites Expression Of Interest (EOI) from interested parties with proven capabilities and demonstrated presence in the natural gas business to participate in the national competitive e-auction process for the purchase of natural gas produced from our flagship block in Barmer, Rajasthan,” the firm said in a statement on Monday.
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