(FE)
Oil and Natural Gas Corp Ltd (ONGC) and Reliance Industries Ltd have started discussions with buyers to sell natural gas from their fields in the Bay of Bengal that are expected to start production over the next three years. The plan is to transport the gas from the east coast to the industrial heart belt of Gujarat, an ONGC executive told Reuters.
“We want to use the pipeline to reach customers in West India to sell gas from the KG basin. We are talking to some of them for contracts,” Shashi Shankar, chairman and managing director of ONGC, said on the margins of the International Energy Forum. ONGC plans to use Reliance Industries’ 1,375 km pipeline connecting Kakinada on the east coast to Bharuch in Gujarat in the west. Shankar said ONGC is committed to bring east coast gas onstream by 2019 onwards and ramp up production to around 15 million standard cubic metres per day (mscmd).
