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Govt may swap RIL’s KG basin gas with rich west coast output, Gas to flow from April 2009

Reliance Industries Ltd. | Refineries | Oil & Gas | BSE: 500325 | NSE: RELIANCE

19 Feb 2009 Evaluate

The government is looking to swap the lean natural gas from Reliance Industries’ (RIL) Krishna-Godavari (KG) basin in the east coast with the rich gas produced from the west coast fields to get maximum value. A detailed mechanism to make this happen is yet to be evolved, according to sources.

RIL’s gas from its KG-D6 field is primarily methane (CH4) and can’t be used for producing petrochemicals or liquefied petroleum gas (LPG). However, the west coast plants of Bombay High, Panna, Mukta and Tapti—operated by either public sector companies or their joint ventures—produce rich gas that could be used for making petrochemicals and LPG.

RIL’s KG basin gas has a low calorific value of around 8,100 kcal per standard cubic meter (SCM) and does not contain C2H6 (ethane), C3H8 (propane) or C4H10 (butane). In order to get better value of the natural resource (gas) produced in the country, we will ensure that the rich gas (from the west coast) is not burnt merely as a fuel and it should be substituted with the RIL’s KG basin gas. The natural gas produced in the west coast are rich in ethane, propane and butane with a calorific value of 10,000 kcal/SCM or more. The calorific value or heating value of a fuel is the amount of heat released during the combustion of a specified amount and the price of natural gas is also determined on the basis of its calorific value.

It is expected that RIL will sell the gas from its KG basin block to specified customers as per the gas utilisation policy approved by the government. In the press release to results for the quarter ended December 2008, Reliance Industries had indicated that the KG gas will flow in the current quarter. However on Tuesday, petroleum & natural gas minister Murli Deora had told the parliamentary consultative committee that the supply of natural gas from KG D-6 field could begin by April 2009. He said that the first 40 million metric standard cubic metre per day (MMSCMD) of KG-D6 gas would be supplied to meet shortfall in existing gas-based urea units, LPG facilities and power plants.

The decision would go a long way to increase the supply of fertilisers in the country, bring down fertiliser subsidy, increase production of power and LPG, reduce dependence on petroleum products and improve environmental standards. The gas would also be supplied to meet the requirement of piped natural gas (PNG) and compressed natural gas (CNG) for residential and transport sectors.crack crack

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Govt may swap RIL’s KG basin gas with rich west coast output, Gas to flow from April 2009

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