Vedanta seeks buyers for natural gas from Barmer field
The sales price of the gas would be determined by combining the monthly value of Asian spot LNG benchmark JKM with a variable that bidders would quote in the auction. The value of the variable would start from a negative $0.20 per mmbtu. At the current JKM value of $9.4 per mmbtu, the starting bids would be $9.2.
Source: indiatimes.com