Ruia brothers-led Essar Oil and Gas Exploration and Production (EOGEPL) on Thursday announced that it has signed a 15-year Gas Sale and Purchase Agreement (GSPA) with state-run gas utility GAIL.
The Essar Group subsidiary said in a statement here that GAIL had won the bid for the contract which will help EOGEPL monetise its entire coal bed methane (CBM) production of 2.3 million standard cubic metres per day (mscmd) from the Raniganj East block.
“The GSPA entails a 15-year gas supply contract whereby the company will be able to monetise its entire coal bed methane (CBM) production of 2.3 mmscmd from the Raniganj East block at a globally competitive price,” Essar said. Read More
Latest posts by Times Now News (see all)
- RIL Q2 results 2018: Highest-ever quarterly profit at Rs 9,516 crore, up 17% YoY; Jul-Sep revenue zooms 51% - October 17, 2018
- 19th century Bhavnagar railway station to be renovated at a cost of Rs 8 crore - October 11, 2018
- Bombay High Court pulls up Metro corporation for not filing affidavit - October 10, 2018