Though the deal between Gujarat government-owned GSPC and Centre-owned ONGC is being questioned by few, the latter expects to use the infrastructure of the former to produce additional 3 million metric standard cubic meter per day (MMSCMD) of gas from its own fields.
“We are envisaging something around 3 MMSCMD of gas that can be extracted from our adjacent fields using GSPC’s infrastructure as it has a lot of spare capacity. These resources would not have been otherwise exploited,” said an ONGC executive, requesting anonymity, while talking about the strategic advantages of the deal. Read More…
Latest posts by Financial Express (see all)
- Narendra Modi Cabinet Decisions: From Bonus For Railway Staff To Revamped Khelo India; All You Need To Know – September 21, 2017
- Chabahar Port To Be Operational By 2018-end, Says Nitin Gadkari – September 21, 2017
- Good News: Railways Food Must Carry Details Of Quantity, Supplier, Says Railway Minister Piyush Goyal – September 21, 2017