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ONGC relaunches tender to sell gas from KG fields at higher price of $15 per mmBtu

25 Aug 2022 Evaluate

Oil and Natural Gas Corporation (ONGC) has relaunched a tender to sell gas from its KG fields at a higher price of $15 per mmBtu as it looks to capitalise on a global surge in energy prices. The company sought bids for the sale of 0.75 million standard cubic meters per day of gas for one year from the KG-DWN-98/2 (KG-D5) fields in the Bay of Bengal. The reserve price at the current ruling Brent oil price of $101 per barrel comes to more than $15 per mmBtu.

ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.

ONGC Share Price

245.00 1.30 (0.53%)
10-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
ONGC 245.00
Oil India 425.00
Jindal Drilling&Inds 604.85
Deep Industries 465.35
Asian Energy Service 333.40
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