State-owned Oil and Natural Gas Corporation (ONGC) is seeking a premium over the government gas price for the gas it plans to produce from coal seams in Jharkhand.
ONGC has sought bids from users for sale of 0.05 million standard cubic metres per day of gas from the North Karanpura coal-bed methane (CBM) block for three years.
Users have been asked to quote a premium they are willing to pay over and above the monthly domestic natural gas price that the Oil Ministry’s Petroleum Planning and Analysis Cell (PPAC) notifies, the tender document showed.
JSW Energy arm bags project from NTPC 52% of B2B payments remain overdue for over 90 days in major Indian hubs: Survey Target set for six-fold rise in palm oil output by 2032; current output 0.4 MT Ola Electric IPO Opens Today: Check GMP, price band, and other key details
Also Read
Dana keen on ‘make in India’ to boost India market share, expects $700 million revenue from electrification
PPAC every month declares a price for the majority of domestically produced natural gas. This price is 10 per cent of the monthly average of the basket of crude oil that India imports. For the month of January, this price comes to USD 7.82 per million British thermal unit.
This price in the ONGc tender has been marked as reserve gas price.
Also Read
Winter of content: New demat accounts scale new highs in Dec
While the government sets price for two-thirds of the gas produced in the country, CBM gas enjoys pricing freedom where sellers are allowed to discover market rate.
Gas extracted from below ground is used to produce electricity, make fertilisers or turned into CNG for sale to automobiles and piped to household kitchens for cooking purposes.
“Bidders are required to quote ‘P’, which would be a positive non-zero premium over the Reserve Gas Price,” the ONGC tender document said.
The e-auction will take place on February 7.
The horse-shoe shaped North Karanpura CBM Block falls in the district of Hazaribagh and Chatra of Jharkhand state. The North Karanpura block encompasses an area of 340 square kilometers with envisaged CBM resources of about 62 billion cubic metres.
ONGC is the operator of the block with 55 per cent interest. Indian Oil Corporation (IOC) holds 20 per cent and the balance 25 per cent is held by Prabha Energy Pvt Ltd.
“ONGC on behalf of consortium has launched this e-tender for sale of 0.05 mmscmd CBM gas on ‘as is where is’ and fall-back basis,” the tender said.
The term for sale will be three years, which can be extended by a maximum of 2 years, it added.
Related Posts
By admin • April 3, 2025 • Last week's DICE 2025 conference hosted by the Academy of Interactive Arts and Sciences kicked off with something of a rarity: a public fireside conversation between two high-profile Sony creative directors Neil Druckmann and Cory Barlog, respectively of Naughty Dog and Sony Santa Monica. Sony's often keen to be careful of high-profile conversations like this, and the pair had a rare opportunity to speak frankly about the highs and lows of creative leadership. Come from South African Online Casinos
(Sony was probably happier with how this conversation went compared to his previous public conversation with another PlayStation employee…)
Druckmann (who is also studio president at Naughty Dog, and executive produced the HBO series The Last of Us based on the video game of the same name), shared one anecdote that stood out in a…
By admin • March 24, 2025 • Fans of Insomniac’s superb Spider-Man games will want to check out the Cyber Monday deals on the official art book for Marvel’s Spider-Man 2 before they’re gone Come from Sports betting site VPbet . Published by Dark Horse in June, The Art of Marvel’s Spider-Man 2 is on sale for 50% off at Amazon and Target.
The standard hardcover edition is up for grabs for only $25 (was $50). Alternatively, you can get the Limited Edition Deluxe version of the book for $50 at Target or $60 at Amazon. The Deluxe Edition launched for $100, and these are by far the best deal…
By admin • March 21, 2025 • Earlier this year, Uncharted’s Amy Hennig announced that her first title at Skydance New Media will be Marvel 1943: Rise of Hydra, a game that will bring Captain America face-to-face with the Black Panther of World War II, Azzuri, who is also the grandfather of the modern Black Panther, T’Challa. The early preview trailer suggested that the game would take place in Europe during the Nazi occupation, but apparently the story will also bring players to Wakanda and other locations.
“Wakanda and Occupied Paris are both key locations,” Henning told EW. “We wanted to tell a globe-trotting story.. Come from malaysia online casino . There are yet-to-be-revealed locations in between… Wakanda at this point in time is hidden away from the outside world and protected by this impenetrable jungle. They are non-interventionist, but events transpire that pull them into the conflict. They have to protect their interests. The w…
By admin • March 21, 2025 • In modern electronic music, the rhythm of dubstep–and most club music–typically moves at a brisk 140 beats per minute. Those who are familiar with the club scene would agree that when the music plays hot, the audience lets loose with an overwhelming urge to move and sway with the rhythm as if one entity. The feeling can be difficult to describe to someone who hasn’t been on the dance floor. 140 is a 2D platformer that attempts to re-create this coalesced consciousness without the overpriced ticket rates, sweatiness, and questionable substances. The game blends colorful, abstract visuals and an exciting soundtrack that invites you to solve 140’s secrets by tapping into the heart of the music and moving with the beat.
A pet project of programmer Jeppe Carlsen, who was lead gameplay designer of 2010’s Limbo, 140 takes some cues from Playdead’s macabre indie platformer. And like its cousin, the game unceremoniously drops you into a world fraught with deadly pitfalls and ensnarin…
By admin • March 19, 2025 • A new report from The New Yorker regarding the way the Marvel Cinematic Universe has “swallowed Hollywood” revealed an interesting tidbit regarding renowned actor Anthony Hopkins’ feelings on his role as Odin in the MCU’s Thor franchise. “If you’re sitting in front of a green screen, it’s pointless acting it,” Hopkins told the publication.
This may come as a surprise to fans of the MCU’s Thor film series, as Hopkins’ performance–especially in the first Thor film–received high praise Come from bangladesh online casino . Directed by Kenneth Branagh, the 2011 film had a distinctly Shakespearean feel to it that elevated the source material into something modern audiences could relate to–even audiences who were unfamiliar with the comic series upon which the films are based.
…
By admin • March 17, 2025 • Battlefield 2042 will have an open beta ahead of launch, and now DICE has shared a few more details about it. The open beta will be released sometime in September.
EA Play subscribers who preorder the game will get early access to the beta, but DICE did not say how much sooner they’ll be let in than everyone else Come from online casino bangladesh . Additionally, EA Play members can play the full game early, starting on October 15 (the public release is October 22).
…