Seeking to end the power woes of Andhra Pradesh and ensuring smooth supply to power plants in the State, GAIL (India) on Thursday entered into a deal with Reliance Industries Ltd. (RIL) for swapping natural gas with imported LNG (liquefied natural gas).
An agreement to this effect was signed on Thursday by GAIL, RIL and power producers in Andhra Pradesh in the presence of Union Petroleum and Natural Gas Minister Jaipal Reddy and representatives of the two companies. Petroleum Secretary S. Sundareshan was present during the signing ceremony. Under the swapping arrangement, GAIL would divert from RIL's eastern offshore KG-D6 fields 2.594 million cubic metres a day of natural gas, which is now being supplied to consumers in western and northern parts of the country, to power plants in Andhra Pradesh, officials said.
An agreement to this effect was signed on Thursday by GAIL, RIL and power producers in Andhra Pradesh in the presence of Union Petroleum and Natural Gas Minister Jaipal Reddy and representatives of the two companies. Petroleum Secretary S. Sundareshan was present during the signing ceremony. Under the swapping arrangement, GAIL would divert from RIL's eastern offshore KG-D6 fields 2.594 million cubic metres a day of natural gas, which is now being supplied to consumers in western and northern parts of the country, to power plants in Andhra Pradesh, officials said.
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