An Empowered Group of Ministers headed by Finance Minister Pranab Mukerjee will meet shortly to decide on allocation of natural gas produced by Reliance Industries to users in power, petrochemical and refinery sectors.
RIL now has capacity to produce at least 65 million cubic meters per day (mmscmd) of gas from its eastern offshore KG-D6 fields but is forced to restrict the output to under 35 mmscmd for lack of government-identified buyers.
"The previous EGoM had fixed the price of gas (at USD 4.205 per million British thermal unit) for five years and so that continues," he said.
Demands from power plants, petrochemical units and refineries, including those owned by Reliance, would be considered.
