Reliance, BP invite bids for sale of gas from KG D6 basin
R Cluster is the first in trio of projects that account for 25 per cent of domestic production of these companies; S&P Global s unit CRISIL Risk and Infrastructure Solutions Ltd will conduct online auction process
BusinessToday.In | December 30, 2020 | Updated 14:34 IST
Together these three projects are expected to meet 15 per cent of India s gas demand by 2023
Reliance Industries Ltd and UK s BP Plc have invited companies to bid for the sale of gas produced from the KG D6 basin, which will be available from February 1. Both the energy giants have formed a joint venture to develop and produce gas from deep water fields in the KG-D6 block off the Kakinada coast.