A Parliamentary panel has asked the oil ministry to explain “in lucid terms”, zero gas production from KG D6, noting that the estimated 80 mmscmd output from the gas block led to setting up of gas-based power plants which are stranded now due to no fuel supply.
“The Ministry of Petroleum & Natural Gas should come out with the reasons, in the lucid terms, for zero production of gas from KG D6 as the estimated production of 80 mmscmd that was envisaged earlier and the steps taken by the Government against those who are responsible for this gross miscalculation about the production of gas from KG D6 which has put the reliability of the Ministry at stake,” said the Parliamentary Standing Committee on Energy in its 42nd report on /Non-Performing Assets in Gas based Power Plants.
The committee also recommend that the banks/lenders (to these stranded gas projects) should own responsibility and work towards finding the appropriate solution in the national interest. Read More
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