BQPrime
•79% Informative
Reliance and BP Exploration (Alpha) Ltd. will sell 6 million standard cubic meters per day of gas in an e-auction planned for April 3.
The partners had originally planned the auction in January but days before that the Ministry of Petroleum and Natural Gas published new rules for the sale and resale of gas produced from deep sea, ultra-deep water and high-pressure-high temperature areas.
Gas produced from wells drilled below seabed is used to produce electricity, make fertiliser or turn into CNG.
The government sets a cap or ceiling rate at which natural gas from difficult fields like deep sea can be sold.
This cap for the period from Oct. 1, 2022 to March 31, 2023 is $12.46 per mmBtu.
Reliance-BP is investing $5 billion in bringing to production three deep water gas projects in block KG-D6.
VR Score
88
Informative language
92
Neutral language
84
Article tone
formal
Language
English
Language complexity
43
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
Affiliate links
no affiliate links