ONGC and GSPC would be able to produce about 4-5 mmscmd of additional natural from their fields in 2013-14. A similar additional volume may be available in the next fiscal and a further 2 mmscmd from GSPC in 2015-16.
This additional output will have to make up for fall in KG-D6 this fiscal and the next as also meet 3.8 mmscmd need of 5 newly converted fertiliser plants for whom allocation had previously been approved by the cabinet and the Empowered Group of Ministers (EGoM).
Out of the additional availability of 4-5 mmscmd in 2014-15, availability for power sector would be 2-3 mmscmd. Most of this will flow to the Dabhol power plant that had been given equal priority as fertiliser plants after its revival at a cost of Rs 13,000 crore. Even though the plant was allocated 7 mmscmd of KG-D6 gas, it is not receiving any amount of the fuel.
Additional availability of about 10 mmscmd during 2015-16 could be provided for the power sector, reports indicate. Further availability of 29 mmscmd from ONGC during 2016-17 and 11 mmscmd from RIL’s R-Series fields in KG-D6 block in 2017-18 would be sufficient for power and fertiliser sectors, reports suggest.
For the present, the power sector may be asked to consider buying more imported LNG to produce electricity.
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